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via finance.yahoo.comBusiness & Companies

SAP shares rise over 4% after Q3 earnings beat and stronger cloud outlook

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- SAP SE ADRs (NYSE:SAP) rose over 4% in after-hours trading Wednesday after the enterprise software giant delivered third-quarter results that topped Wall Street expectations across key metrics and raised its full-year revenue outlook. Still guessing which stocks…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major software company beating estimates and raising its revenue guidance can move the European software sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Non-IFRS EPS of €1.89 versus €1.83 expected.
  2. 02Total revenue of €10.27 billion versus €10.10 billion expected.
  3. 03Cloud revenue rose 26% to €6.67 billion; cloud backlog grew 28% to €24.14 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
SAP SESAP.XETRAStock208.65 EURMarket closedtoday +3.52%Positive SAP SESAPStock232.62 USDMarket closedtoday +1.59%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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