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.
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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 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.
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SAP stock rose as the software maker reported Q3 profit above views and raised its 2024 outlook for cloud computing and software revenue.
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UK authority struggles to RISE with SAP, throws another £9M at project
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