SAP soars most in six years after profit beats estimates

Quick Summary:

SAP's stock has risen 36% over the last year and its value eclipsed Novo Nordisk and LVMH in March.

SAP’s enterprise resource planning software — used for bookkeeping, procurement and human resources — generally requires customers to sign up for a contract, locking in a steady revenue stream.

SAP confirmed its 2025 cloud revenue outlook of €21.6 billion to €21.9 billion.

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Article Details

Author / Journalist: Christina Kyriasoglou, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Fortune 500 Europe SAP Cloud Business Software LondonWires Germany

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 10:01:20 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 147 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28169163

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Official Website: fortune.com

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News Last Updated: 8 hours ago

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