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SAP shares up 4.4% in early trade after raised cloud business outlook

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Software Company Nieuws

Christian Klein

Shares in SAP were up 4.4% in Lang & Schwarz pre-market trade on Tuesday after the German software company raised full-year targets on strong cloud business ...

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Artificial intelligence was a key growth driver, according to CEO Christian Klein. "Around 30% of our cloud contracts in the third quarter included AI use scenarios," he said late on Monday. On this basis, the Walldorf-based group raised its full-year cloud and software revenue target to 29.5-29.8 billion euros for the full year instead of 29-29.5 billion euros.Puzzle solutions for Tuesday, Oct. 22, 2024

The French Supreme Court will examine the appeal of five Kanak pro-independence activists – including their leader Christian Tein – who are challenging their detention in mainland France on suspicion of having played a role in the unrest in New Caledonia.

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