The headquarters of SAP AG, the largest software company in Germany, on January 8, 2013, in Woldlorf, Germany.
Thomas Lohenz Getty Images News | Gety pictures
Sap on Wednesday to publish A 58 % jump on an annual basis in operating profit in the first quarter in the continuous currency, which also confirms its forecast for cloud revenues throughout the full year.
SAP operating profits amounted to 2.5 billion euros ($ 2.9 billion) in the first quarter, compared to analysts’ expectations near 2.2 billion euros, according to LSEG data.
The shares of the company emerged by 9.3 % by 8:59 am in London on Wednesday.
German software giant, which Last month exceeded Novo Nordisk said to become the most general company in Europe, the revenues jumped by 11 % to 9 billion euros, with their cloud accumulation by 29 % on an annual basis. The stock profits jumped by 79 % on an annual basis to 1.44 euros.
The CEO of Sap Christian Klein said in a statement that the results showed “our success formula is working.”
“The SAP business model is still flexible at unconfirmed times,” he said. “The AI wallet, which operates with artificial intelligence, allows companies to move in supply chain disorders in more than 130 countries and abolish efficiency with light movement and speed.”
This urgent news story is updated.
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