SAP’s shares surge on strong first-quarter profits

SAP’s shares surge on strong first-quarter profits

Europe’s biggest software group boosted by pivot to cloud and cost cuts

Software giant SAP’s shares surge 9.3% after first-quarter profit beat

SAP announced Wednesday that its first-quarter operating profit had risen by 58% year-on-year to hit 2.5 billion euros ($2.9 billion).

Europe's largest software manufacturer surprises with a significant profit jump in the first quarter. SAP's share rose by a good nine percent – with consequences for the Dax as well.

SAP shares jump on first-quarter profit beat

Shares in SAP, Europe's largest software maker, surged 10.1% in pre-market trading today after the German company exceeded first-quarter profit forecasts and confirmed its full-year cloud revenue targets.

European Markets Surge on SAP Earnings and Trump's Fed Stance

European Markets Surge on SAP Earnings and Trump's Fed Stance European markets experienced a notable rise on Wednesday, significantly bolstered by strong earnings from SAP, Europe's leading software company. Investors found relief as U.S. President Donald Trump softened his previous threats towards Federal Reserve Chair Jerome Powell, easing tensions concerning the Fed's independence.The pan-European STOXX 600 index increased by 1.8% as of 0703 …

Europe's largest software manufacturer SAP has surprisingly significantly increased profits in the first quarter. However, it is uncertain how US customs policy will affect international business.