SAP Cloud Revenue Rises 25% in Quarter
SAP shares hit all-time high after upbeat cloud business outlook
By Hakan Ersen FRANKFURT (Reuters) -Shares in SAP were up 5% at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on a strong cloud business in the third quarter.
SAP updates 2024 cloud and software revenue outlook
For 2024, SAP (SAP) is updating its cloud and software revenue, operating profit and free cash flow outlook and now expects: EUR 29.5 –
SAP Cloud Revenue Rises 25% in Quarter as Legacy Clients Switch
SAP SE said its cloud revenue grew by 25% in the third quarter, as Europe’s biggest software company pushed customers to transition away from locally-installed legacy systems.
SAP shares up 4.4% in early trade after raised cloud business outlook
Shares in SAP were up 4.4% in Lang & Schwarz pre-market trade on Tuesday after the German software company raised full-year targets on strong cloud business in the third quarter. Cloud revenue grew 27%,
German tech giant SAP raises full-year outlook on cloud hopes
Europe's largest software company, SAP, has reported third-quarter earnings that exceeded analysts’ expectations and raised its full-year outlook for key metrics. View on euronews
SAP’s stock rises on fast-growing cloud revenue
The company reported earnings before certain costs such as stock compensation of €1.23 per share on revenue of €8.47 billion ($9.21 billion), up 9% from a year earlier. Wall Street analysts had forecast the earnings of just €1.
SAP Stock Climbs On Raised 2024 Cloud, Software Outlook
SAP stock rose as the software maker reported Q3 profit above views and raised its 2024 outlook for cloud computing and software revenue.
SAP Stock Climbs After Mixed Q3 Results: EPS Beat, Revenues Miss
SAP shares are trading higher after the company reported its third-quarter financial results after Monday's closing bell.
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