SAP's Q3 2024 performance benefits from continued business momentum in its cloud offerings and AI innovations.
SAP's 3Q24 results showed 10% y/y revenue growth, driven by 27% y/y cloud revenue growth and strong S/4 HANA migration traction. Management revised FY24 guidance upwards, expecting adj EBIT growth of
Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector.
Strong results and upbeat cloud business outlook point to a healthy sector and good things to come for Microsoft, Workday, and others.
SAP has overtaken ASML to become Europe's most valuable technology company after a strong set of third-quarter results that saw the German software company lift its full-year outlook.

AI boosts SAP as it upgrades full-year outlook

04:03am, Tuesday, 22'nd Oct 2024
Shares in SAP jumped 5.5% in early trading after the German software giant raised its full-year outlook, driven by strong growth in its cloud business during the third quarter. Cloud revenue surged 27

SAP SE (SAP) Q3 2024 Earnings Call Transcript

08:57pm, Monday, 21'st Oct 2024
SAP SE (NYSE:SAP ) Q3 2024 Earnings Conference Call October 21, 2024 5:00 PM ET Company Participants Alexandra Steiger - Global Head of Investor Relations Christian Klein - Chief Executive Officer Dom
Tech stocks led the way Monday, as the Nasdaq finished in the green while the others slipped into the red.
SAP stock rose as the software maker reported Q3 profit above views and raised its 2024 outlook for cloud computing and software revenue.

SAP Announces Q3 2024 Results

04:05pm, Monday, 21'st Oct 2024
Current cloud backlog of €15.4 billion, up 25% and up 29% at constant currencies Cloud revenue up 25% and up 27% at constant currencies Cloud ERP Suite revenue up 34% and up 36% at constant currenci
Daniel Ives, Managing Director of Equity Research at Wedbush Securities, anticipates strong SAP growth in AI as 45% of workloads shift to the cloud, viewing SAP's earnings as a key indicator for Amazo
NEW YORK, NY / ACCESSWIRE / October 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of SAP SE ("SAP SE") (NYSE:SAP) concerning possible violations of federal secu
NEW YORK, NY / ACCESSWIRE / October 19, 2024 / Pomerantz LLP is investigating claims on behalf of investors of SAP SE ("SAP" or the "Company") (NYSE:SAP). Such investors are advised to contact Daniell
NEW YORK , Oct. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SAP SE ("SAP" or the "Company") (NYSE: SAP). Such investors are advised to contact Danielle Pey

Why SAP Might Surprise This Earnings Season

12:51pm, Thursday, 17'th Oct 2024
SAP is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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