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SAP CFO Sees `Challenging' Demand Environment Until Mid-2021

Oct.26 -- SAP SE Chief Financial officer Luka Mucic talks about the challenges facing the software company amid the ongoing coronavirus pandemic. The Walldorf, Germany-based company cut its revenue forecast for the full year and said it expects a fresh wave of lockdowns to hurt demand through the first half of 2021. Mucic appeared on "Bloomberg Markets: European Open" before SAP's shares dropped as much as 21%, the biggest intraday fall since 1999.