SAP Shares Soar on Strong Cloud Growth and AI Integration

SAP shares hit all-time high after upbeat cloud business outlook

STORY: Shares in business software maker SAP were up 5% on Tuesday (October 22)... Hitting all-time highs of over $239. This boost came after the tech firm raised its full-year targets on a strong cloud business in the third quarter. During Q3, cloud revenue grew 27% to around $4.7 billion

SAP's stock rises on fast-growing cloud revenue - SiliconANGLE

Shares of the business software company SAP SE were trading higher late Monday after it reported third quarter earnings and sales that came in just ahead of the Street's estimates and raised its full year outlook for cloud and software revenue. The company reported earnings before certain costs

SAP shares up 4.4% in early trade after raised cloud business outlook

FRANKFURT (Reuters) - 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%, adjusted for currency effects, to 4.35 billion euros ($4.71 billion) in

German tech giant SAP raises full-year outlook on cloud hopes

The German tech giant SAP has reported robust third-quarter earnings and raised its full-year outlook for important metrics, including cloud computing and software revenue, operating profit, and free cash flow. Despite a subdued economy in Germany, the software company has thrived due to its

SAP shares up 4.4% in early trade after raised cloud business outlook

FRANKFURT, Oct 22 (Reuters) - Shares in SAP (SAPG.DE), opens new tab 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%, adjusted for currency effects, to 4.35

Continued strong cloud business makes SAP more optimistic

"The growth in cloud revenues developed extraordinarily well," said Christian Klein, CEO of Europe's largest software company, during a conference call on Monday. Offerings with artificial intelligence (AI) played a decisive role in this. "Around 30 percent of our cloud contracts in the third

SAP 3Q Revenue, Profit Climb on AI Demand; Outlook Raised

SAP posted higher revenue and profit in the third quarter boosted by artificial-intelligence demand, and raised its full-year outlook. Reporting on a non-IFRS basis, the German business-software company said total revenue rose 9% to 8.47 billion euros (US $9.21 billion). Revenue from cloud and

SAP soars as cloud revenue increases and RISE becomes the methodology that CEO Christian Klein always wanted it to be

SAP's share price hit an all-time high yesterday as soaring cloud revenue - up 25% year-on-year - and an upbeat outlook cheered Wall Street. Overall revenue was up nine percent year-on-year to €8.47 billion with a net profit of €1.44 billion. Of that, cloud revenue came in at €4.35 billion.

SAP : Deutsche Qualität

Buoyed by a remarkably robust quarterly performance, SAP has revised its full-year forecasts upwards, reflecting optimism boosted by the expansion of its cloud activities. The stock gained 4.4% before the opening. "The expansion of our cloud portfolio has accelerated exceptionally well," said

SAP Gains $26 Billion in Market Value, Surging Past ASML -- Update

SAP gained about $26 billion in market value after the German business-software company raised its revenue and earnings forecasts for the year amid strong demand for artificial intelligence, dethroning ASML Holding as Europe's most valuable technology group. Shares in SAP climbed more than 5% in