SAP jumps 7% to all-time high after earnings - Breaking The News

SAP jumps 7% to all-time high after earnings

24 January

1 min read

EPA-EFE/RONALD WITTEK

SAP SE's shares surged more than 7% on Wednesday's trading session on the Frankfurt Stock Exchange following the publication of the company's earnings report for the fourth quarter of its fiscal year 2024.

SAP disclosed that its revenue for the fourth quarter saw a 5% growth compared to the previous year, amounting to $8.5 billion. Additionally, the diluted net income per share exhibited an impressive increase of 119% year on year, reaching $1.01.

The company's shares surged 7.11% at 9:10 am CET, to sell for €161.54 apiece.

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