SAP announced its Q2 2022 results yesterday, reporting revenue of €7.5 billion, which is up 12.7% year-on-year. However, it was not all good news for the German business software group. SAP’s IFRS operating profit was down 32% to €673 million and its non-IFRS profit was down 13% to €1.68 billion. In comments published alongside the results, SAP said this was mainly driven by “reduced contribution from software licenses revenue”, as well as “significant bad debt expenses related to the war in Ukraine.” Earlier this year, SAP estimated that the financial impact of the war in Ukraine would cause …