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SAP SE (SAP)
After hours:
- Barrons.com
SAP Stock Rises on Earnings Report
The German enterprise software giant SAP reported quarterly results that were a smidgen ahead of Wall Street’s expectations. For the March quarter, SAP reported total revenue of €8.04 billion, up 8% from a year ago or 9% adjusted for currency and a hair above the consensus estimate of €8.02 billion, as tracked by FactSet. Cloud revenue was €3.93 billion, up 24% or 25% on a currency-adjusted basis, about in line with estimates.
- Bloomberg
SAP Cloud Revenue Meets Estimate as AI Adoption Fuels Demand
(Bloomberg) -- SAP SE reported first-quarter cloud revenue in line with analysts, as a boom in demand for artificial intelligence fueled the German software company’s growth. Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayRay Dalio’s Famous Trade Is Sputtering, Investors BailingStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion for $31 Mil
- PR Newswire
SAP Announces Q1 2024 Results
SAP SE (NYSE: SAP) announced today its financial results for the first quarter ended March 31, 2024.
