SAP shares hit all-time high after upbeat cloud business outlook

📆 22-10-2024 18:56:00
📰 ChannelNewsAsia

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 66%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

FRANKFURT :Shares in SAP were up 5 per cent at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on a strong cloud business in the third quarter. Cloud revenue grew 27 per cent, adjusted for currency effects, to 4.

A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/ File PhotoFRANKFURT :Shares in SAP were up 5 per cent at market open on Tuesday, hitting an all-time high of 221 euros after the German software company raised its full-year targets on a strong cloud business in the third quarter.

Artificial intelligence was a key growth driver, according to CEO Christian Klein."Around 30 per cent of our cloud contracts in the third quarter included AI use scenarios," he said late on Monday. The company expects the cost of its restructuring to come at around 3 billion euros as it evaluates up to 10,000 jobs out of its 100,000 total headcount to prepare for the era of AI.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

Schrijf commentaar

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Singapore stocks rose on Tuesday—STI climbed 0.2% Singapore News%
Bron: IndependentSG - 🏆 2. / 72 Lees verder »