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SAP Shares Rise as AI Tools Boost Software Firm’s Cloud Sales
SAP SE’s shares rose in premarket trading as cloud revenue soared at Europe’s biggest software company, which is transitioning customers away from locally run systems with the promise of artificial-intelligence tools and analytics.
SAP’s stock rises on fast-growing cloud revenue
The company’s bottom line benefits from its customers’ shift to the cloud, where it has been able to pitch its growing range of AI services. When SAP’s customers move to the cloud, they generally spend more money on subscription fees than they do on its legacy, on-premises licenses.
SAP shares hit all-time high after upbeat cloud business outlook
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 Shares Rise Most Since July as AI Tools Help Cloud Sales
SAP SE’s shares rose the most since July as cloud revenue soared at Europe’s biggest software company, which is transitioning customers away from locally run systems with the promise of artificial-intelligence tools and analytics.
8h
SAP SE: Strong Q3 Performance and Promising Growth Outlook Justify Buy Rating
Frederic Boulan, an analyst from Bank of America Securities, reiterated the Buy rating on SAP SE (0NW4 – Research Report). The associated ...
18h
SAP SE (SAP) Q3 2024 Earnings Call Highlights: Cloud Revenue Soars Amidst Macroeconomic Challenges
SAP SE (SAP) reports robust cloud growth and raises 2024 profit outlook despite facing economic headwinds and restructuring ...
8h
on MSN
European Stocks Dip as Investors Weigh Rates Outlook; SAP Rises
European stocks edged lower, but ended the session well off earlier lows as investors monitored the outlook for interest ...
18h
SAP SE: Hold Rating Amid Strong Cloud Performance and Uncertainty in Growth Sustainability
SAP SE (0NW4 – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Derrick Wood ...
1d
SAP SE, Nucor Corporation: After hours movers
Shares of SAP SE (SAP) are rallying after the German software giant reported third quarter earnings that beat expectations on ...
1d
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.
6d
SAP Dethrones ASML as Europe’s Most Valuable Technology Firm
ASML Holding NV lost its place as Europe’s most valuable technology company to software firm SAP SE after a guidance cut sent ...
Accounting Today
6d
SAP applies gen AI to spend management
SAP announced improvements to its spend management and business network solutions, not least of which is the embedding of a ...
23h
Nvidia, Spirit Airlines, SAP, Trump Media & Technology, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
These are the top stocks that gained the attention of retail traders and investors throughout the day: ...
11h
on MSN
SAP to Scrutinize Partner Carahsoft Over DOJ investigation
SAP SE, Europe’s most valuable software company, is scrutinizing its relationship with government reseller Carahsoft ...
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