SAP’s shares surge on strong first-quarter profits
- German software maker SAP reported its first quarter adjusted operating profit.
- Increased demand for SAP's cloud services, spurred by AI, contributed to this outcome.
- The company posted adjusted operating profit totaling 2.5 billion euros for the quarter.
- This reported figure surpassed estimates from analysts around 2.22 billion euros.
- The stronger than expected earnings boosted SAP shares and lifted European markets.
31 Articles
31 Articles
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.
European Markets Surge on SAP Earnings and Trump's Fed Stance
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The Walldorf software group SAP made a strong profit leap at the start of the year. In the first quarter, the DAX Group increased its adjusted operating result by 60 percent to EUR 2.45 billion.
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