SAP shares at all-time high after adjusted profit beats market view

Category: Business

SAP shares surged 7% to an all-time high following a strong quarterly report, with operating profit rising 33% to 1.94 billion euros. The company is restructuring, affecting 9,000 to 10,000 positions, while focusing on AI skills training. Total revenue increased by 10% to 8.29 billion euros, surpassing analyst expectations.

Keywords: SAP, quarterly report, operating profit

Source: Yahoo Finance

Update At: 7/23/2024

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