Tag: $SAP

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.

US Investigating SAP, Carahsoft for Potential Price-Fixing

German software developer SAP SE, product reseller Carahsoft Technology Corp. and other companies are being probed by US officials for potentially conspiring to overcharge government agencies over the course of a decade.

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. The stock is up in late Monday trading.

SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI

Shares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial results and announced plans to restructure 8,000 jobs in a push toward artificial intelligence growth.

SAP Shares Surge After Cloud Business Fuels Revenue Growth

SAP shares jumped in Thursday morning trading after the German business-software company posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business.

SAP CEO: huge growth potential in generative AI

German business software maker SAP sees huge growth potential in generative AI technology, Chief Executive Officer Christian Klein told the business daily Handelsblatt in an interview published on Wednesday.