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2024-10-22 09:25:09
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yahoo.com on Nostr: Summary of SAP shares hit all-time high after upbeat cloud business outlook The ...

Summary of SAP shares hit all-time high after upbeat cloud business outlook
https://media.zenfs.com/en/reuters-finance.com/7cd1919487c757482f48a310e909697e


The source article:
SAP shares hit all-time high after upbeat cloud business outlook
https://media.zenfs.com/en/reuters-finance.com/7cd1919487c757482f48a310e909697e



https://finance.yahoo.com/news/sap-shares-4-4-early-060724682.html

SAP's shares rose 5% at market open on Tuesday, reaching an all-time high of 221 euros, after the company raised its full-year targets due to strong cloud business in the third quarter. Cloud revenue grew 27% to 4.35 billion euros, driven by a 36% rise in sales of Cloud ERP Suite resource planning software. Artificial intelligence was a key growth driver, with 30% of cloud contracts including AI use scenarios.
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