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Wed, April 23, 2025
[ Wed, Apr 23rd ] - Politico
Gen Z, Media Illiterates

SAP soars most in six years after profit beats estimates


Published on 2025-04-23 07:01:03 - Fortune
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  • SAP's stock has risen 36% over the last year and its value eclipsed Novo Nordisk and LVMH in March.

SAP, the German software giant, reported its highest profits in six years, driven by strong demand for its cloud services, positioning it as Europe's most valuable company. In the first quarter of 2025, SAP's cloud revenue surged by 24% year-over-year, reaching €3.9 billion, while total revenue increased by 10% to €7.9 billion. The company's operating profit soared to €2.1 billion, a significant rise attributed to the successful implementation of its cloud strategy and the acquisition of Qualtrics, which bolstered its cloud offerings. SAP's CEO, Christian Klein, emphasized the company's focus on innovation and customer satisfaction as key drivers of its success, with the company now valued at over €200 billion, surpassing other European tech firms.

Read the Full Fortune Article at:
[ https://fortune.com/europe/2025/04/23/sap-soars-profits-most-in-six-years-europe-most-valuable-company-cloud/ ]