Investors hail more optimistic SAP outlook

  • News Digest

Apr 25, 2019-

FRANKFURT AM MAIN: Shares in German software and cloud computing giant SAP surged on Wednesday on an optimistic outlook and soaring first-quarter revenues and profits, as the group gets a year of restructuring and job cuts underway. The group’s stock added 6.5 percent to trade at 108.42 ($121.60) euros around 9:25 am in Frankfurt (0725 GMT), making it the second-best performer on the DAX index of blue-chip firms. Earlier Wednesday, SAP had reported net profits up 25 percent year-on year between January and March, to 1.1 billion euros—measured using non-IFRS standards, which exclude some costs. (AFP)

Published: 25-04-2019 10:50

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