Software giant SAP’s shares increase after the first quarter of the first quarter
Sap on Wednesday stationed In the first quarter of the currency, a 58% jumping in transaction in the first quarter confirms the outlook for a full annual cloud revenue.
According to LSEG, SAP’s operating profit was 2.5 billion euros ($ 2.9 billion), according to LSEG data, 2.5 billion euros ($ 2.9 billion) compared to the expectations of analysts.
The company’s shares opened 10.3% 10.3% in London on Wednesday.
German software giant, this Passed last month Novo Nordisk comes to become the most valuable public in Europe, 29% with 29% of the annual comparison. 79% of earnings per share jumped up to 1.44 euros per year.
SAP continues to wait 21.6 billion euros to 21.9 billion euros this year, 21.9 billion euros will continue to expect a full annual cloud revenues.
SAP ‘is more relevant than ever’ tariffs uncertainty
Speaking of Squawk Box Europe with Squawk Box Europe on Wednesday, SAP CEO Christian Klein touched upon uncertainty for new tariffs for US tariffs.
During his visit to the United States last week, Klein spoke with customers who are worried about the impact of US President Donald Trump’s expenses in import.
“What they tell me, ‘Your program is now more relevant than ever,'” said CNBC added that SAP helped to work in more than 130 countries. The company’s software provides a tool to keep the supply chains to customers, and helps determine which of their suppliers can still convey the cost of competition.
“These times, during these times, this period gives many confidence in these periods for the whole year, and therefore we confirmed our leadership,” he said.
Leak improve In January, a full annual worldview for 2025, adjustable operating profit rose to 8.15 billion euros after increased to 8.15 billion euros in 2024.
On Wednesday, Klein told CNBC SAP’s cloud department gave the growth company “very predictable”.
“When you talk about predictions, this is not just a noisy word,” he said. “Look at our gross income, it is … 86% of recurrent income. This is the tenderness, this is this firmness.”
“It is very difficult to predict what happens 90-day break There are most scenarios in most of the tariffs (US interactions) and of course. ” Added.
Firmness
Analysts reacting to SAP’s earnings update on Wednesday praised the company’s endurance in the current macroeconomic environment. On Wednesday, Sautsche bank analysts labeled the results of SAP as SAP’s first quarter “Masterklass” of SAP’s first quarter.
Noting that they expect the global economy to hit the crisis, German creditor analysts are kept in the event of more macro deterioration, which allows strong expense discipline and high-cost lead management, which allows you to protect profitability.
“In general, with warnings that start in the light of the technology and SAP shares, the peak results in 22% -22%, and the SAP shows the sustainability and defects of the profit trajectory,” said JPMorgan Analyst Toby Ogg said.
TD Cowen’s analysts, reflecting positive feelings, raised the price targets from $ 320 to $ 315 to $ 320.
“We remain constructive for the model to continue accelerating growth along with the expansion of growing margin of SAP’s hole and the model,” said Derrick Wood.
German bank metzler’s Pascal Spano also claimed that the latest results were the ability to overgrade the company’s indicator and leadership in a decline.
“Cloud revenue and current cloud retardation continues to see a good momentum, sending a strong demand in all sides, despite the existing uncertainties,” the notes were released to customers.
– CNBC’s Ganesh Rao and Abby Ryanto contributed to this report.
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