Software giant SAP’s shares surge 9.3% after first-quarter profit beat
SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues. SAP’s operating profit hit 2.5 billion euros ($2.9 billion) in the first quarter, compared with analysts expectations near 2.2 billion euros, according to LSEG data. Shares of the company popped 9.3% by … Read more