Europe’s largest software house has scaled back its activities in Russia – which is putting pressure on business. When it comes to promoting start-ups, SAP hasn’t been that lucky either.

Europe’s largest software manufacturer SAP recorded a significant drop in earnings in the second quarter due to costs in Ukraine and a weak license business. Earnings before interest and taxes, adjusted for special effects, fell by 13 percent to 1.68 billion euros compared to the previous year, as the Dax heavyweight announced on Thursday in Walldorf.