SAP Beats Quarterly Profit Estimates on Cloud Demand
Europe's largest software maker reported a 17 percent rise in quarterly profit driven by strong cloud demand. Total revenue reached 9.56 billion euros today.
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SAP SE, the largest software company in Germany and Europe, has outperformed first-quarter profit expectations, driven primarily by robust demand for its cloud-based services. Following the announcement, the firm's shares listed in the United States rose by 5.4%.
