SAP Stock Jumps After Earnings. It’s an AI Company.

Shares of German software company SAP were rising on Thursday after a solid third-quarter earnings report.

The company’s cloud-computing unit is performing particularly well, Chief Executive Christian Klein said. SAP is moving away from selling software licenses in favor of subscription-based services, which are more profitable and create consistent recurring revenue. Operating-profit margin rose to 29.4% in the third quarter from 27.8% a year ago.

Newsletter Sign-up SAP may also be able to benefit from advances in artificial intelligence. It has invested in generative AI companies and expanded a partnership with Google Cloud. The company reaffirmed guidance for the year in its latest results.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Today: Tesla Stock Sinks, Netflix Surges and Earnings Deluge ContinuesGovernment bonds sell off again; Netflix stock surges premarket
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Tesla, Netflix, Taiwan Semi, SAP, Las Vegas Sands, AT&T, and More Market MoversTesla CEO Elon Musk tempers expectations about the Cybertruck, Netflix surges after subscribers numbers spike, and Taiwan Semiconductor expects revenue to...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »