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SAP Shares Rise to Record as AI Tools Boost Cloud Sales
SAP SE’s shares rose to a record 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.
11h
SAP's Q3 Earnings & Revenues Up Y/Y on Cloud Strength, Outlook Raised
SAP's Q3 2024 performance benefits from continued business momentum in its cloud offerings and AI innovations.
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 ...
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 ...
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 ...
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.
9h
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 ...
13h
Warburg Research Keeps Their Hold Rating on SAP SE (0NW4)
Warburg Research analyst Andreas Wolf maintained a Hold rating on SAP SE (0NW4 – Research Report) today and set a price target of ...
9h
SAP Beats Q3 Expectations, Analysts Expect 'Big Cash-Flow Ramp In 2025'
SAP's Q3 results beat expectations, with strong cloud ERP growth. The company reaffirmed Ambition 2025 targets. Analysts have ...
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 both revenue and profit fronts. The company also posted an upbeat ...
13h
SAP SE Achieves Robust Cloud and Financial Growth, Earning Buy Rating
Stifel Nicolaus analyst Chandramouli Sriraman has maintained their bullish stance on 0NW4 stock, giving a Buy rating today. Chandramouli ...
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