SAP SE
- SAP SE soared 6% to €158.28 after the German information system company reported fourth-quarter results.
Revenue in the fourth quarter rose 5% to €8.5 billion from €8.0 billion, net profit soared to 1.2 billion from 326 million, and diluted earnings per share rose to €1.01 from 46 cents a year ago.
The company estimated 2024 cloud segment revenue between €17.0 billion and €17.3 billion, an increase between 24% and 27% in constant currencies.
The company said its restructuring, which will involve about 8,000 employees, is likely to cost €2 billion in 2024.
Jan 24, 2024
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