Europe's most valuable firm SAP flags U.S. trade slowdown but says Japan deal gives 'hope'

  • Deal-signing at German software giant SAP cooled in the second quarter amid trade uncertainty — but the U.S.-Japan deal agreed Tuesday provides some "hope," Chief Financial Officer Dominik Asam told CNBC. Europe's most valuable company reported 9% higher revenue and a 22% jump in its cloud backlog on Tuesday, though reactions to the results were mixed, with shares opening lower Wednesday.