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At the SAP AG headquarters, the largest German software company, on January 8, 2013 in Waldorf, Germany.
Thomas Lonez | Getty Images | Gets the image
SAP on Wednesday published 58% per year jumping in operating profit in the first quarter in permanent currency, also confirming its forecast for a full cloud income.
SAP revenue reached 2.5 billion euros (2.9 billion dollars) in the first quarter, compared to analysts’ expectations of about 2.2 billion euros, LSEG reports.
The company’s shares jumped 8.8% to 8:43 in London on Wednesday.
German Program Giant which Last month overthrown Novo Nordisk, to become the most valuable public company in Europe, said the profit has jumped by 11% to EUR 9 billion, and its cloud lag increased by 29% compared to last year. Profit per share increased by 79% annually to 1.44 euros.
SAP CEO Christian Klein said in a statement that the results showed that “our success formula is working”.
“Business SAP remains sustainable in indefinite times,” he said. “Our portfolio that works on AI allows companies to navigate the supply chain in more than 130 countries and unlock the efficiency with agility and speed.”
This broken news is updated.
