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2021-10-14

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SAP stock jumped 5.2% in premarket trading

SAP stock jumped 5.2% in premarket trading lifting full-year outlook as more customers shift to clou

SAP stock jumped 5.2% in premarket trading

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SAP is expected to release full results on Oct. 21.</p>\n<p>Adjusted earnings per share rose 2% to 1.74 euros, backed again by its profitable venture capital investments, Sapphire Ventures.</p>\n<p>($1 = 0.8672 euros)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SAP stock jumped 5.2% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSAP stock jumped 5.2% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-10-13 17:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SAP stock jumped 5.2% in premarket trading&nbsp;lifting full-year outlook as more customers shift to cloud.</p>\n<p><img src=\"https://static.tigerbbs.com/d9cc95867ca81ed622ab084c79dfeb42\" tg-width=\"849\" tg-height=\"621\" width=\"100%\" height=\"auto\"></p>\n<p>German business software group SAP raised its full-year outlook for a third time on the back of a strong showing in the third quarter as more customers shift their IT operations to the cloud.</p>\n<p>SAP now expects cloud revenue to grow by 16%-19% in the year as a whole, helping its overall cloud and software revenue to gain by 2%-4%, it said in a statement late on Tuesday.</p>\n<p>Operating profit is expected to be flat to down 2% for the year, an improvement from its earlier forecast of unchanged to down 4%.</p>\n<p>SAP, which is moving to subscription-based cloud services from software licences with up-front fees, launched Rise with SAP, an all-in-<a href=\"https://laohu8.com/S/AONE.U\">one</a> digital transformation package in January.</p>\n<p>\"We see record adoption of our applications and our platform,\" Chief Executive Officer Christian Klein said in a statement. \"This has resulted in strong acceleration of our cloud growth.\"</p>\n<p>SAP raised its forecast for cloud and software revenue for the full year by 200 million euros to 23.8 billion-24.2 billion euros.</p>\n<p>The cloud backlog for flagship database S/4HANA was up 58% at constant currencies and current cloud backlog - a measure of incoming business - reported a 22% growth during the third quarter.</p>\n<p>Adjusted revenue rose 5% to 6.68 billion euros ($7.70 billion) for the third quarter ended Sept. 30, the company reported in a preliminary earnings statement. SAP is expected to release full results on Oct. 21.</p>\n<p>Adjusted earnings per share rose 2% to 1.74 euros, backed again by its profitable venture capital investments, Sapphire Ventures.</p>\n<p>($1 = 0.8672 euros)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SAP":"SAP SE"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105309681","content_text":"SAP stock jumped 5.2% in premarket trading lifting full-year outlook as more customers shift to cloud.\n\nGerman business software group SAP raised its full-year outlook for a third time on the back of a strong showing in the third quarter as more customers shift their IT operations to the cloud.\nSAP now expects cloud revenue to grow by 16%-19% in the year as a whole, helping its overall cloud and software revenue to gain by 2%-4%, it said in a statement late on Tuesday.\nOperating profit is expected to be flat to down 2% for the year, an improvement from its earlier forecast of unchanged to down 4%.\nSAP, which is moving to subscription-based cloud services from software licences with up-front fees, launched Rise with SAP, an all-in-one digital transformation package in January.\n\"We see record adoption of our applications and our platform,\" Chief Executive Officer Christian Klein said in a statement. \"This has resulted in strong acceleration of our cloud growth.\"\nSAP raised its forecast for cloud and software revenue for the full year by 200 million euros to 23.8 billion-24.2 billion euros.\nThe cloud backlog for flagship database S/4HANA was up 58% at constant currencies and current cloud backlog - a measure of incoming business - reported a 22% growth during the third quarter.\nAdjusted revenue rose 5% to 6.68 billion euros ($7.70 billion) for the third quarter ended Sept. 30, the company reported in a preliminary earnings statement. 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