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: Shares at near three-week highs as US-China trade tiff appears to ease
European shares climbed to a near three-week high on Wednesday (Apr 23), boosted by strong earnings from Europe’s largest software maker SAP, while easing trade tensions between the United States and China lifted investor sentiment globally.
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
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 …
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