SAP predicts Donald Trump boost

SAP, Europe’s most valuable technology firm, raised its outlook slightly for the next four years, saying challenges to global trade presented by Donald Trump’s new US administration would drive sales of its business planning tools.

The German software company, which counts many of the world’s biggest multinational companies among its customers, reported 2016 results on the lower side of analysts’ expectations yesterday.

However, it edged up its 2017 sales and profit guidance and signaled slightly higher revenue ambitions by 2020.