Europe’s largest software maker SAP on Thursday reported a 17% increase in first-quarter profit, beating estimates, due to strong growth in its cloud business.
U.S.-listed shares of SAP were up 5.4% after the results.
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The company also maintained its full-year outlook for overall revenue growth, including cloud growth at 23% to 25%, but noted this depends on the de-escalation of the Middle E… [1059 chars]
Source: Reuters | Published: 2026-04-23T20:39:07Z
Credit: Reuters
