SAP extends lead as Europe's most valuable company after earnings beat

Dow Jones
04/23

MW SAP extends lead as Europe's most valuable company after earnings beat

By Steve Goldstein

SAP on Wednesday extended its lead as Europe's most valuable company after the business-software company's stock surged by the most in six years.

SAP shares (XE:SAP) $(SAP)$ rose as much as 11% in Frankfurt, putting further distance between it and Nestle (CH:NESN), ASML Holding $(ASML)$ and Roche Holding (CH:ROG) as the largest European companies by market cap.

Even so, SAP's new market cap, at around $320 billion, would not even put it in the top 20 American companies, though it is worth more than rival Salesforce $(CRM)$ and not far behind Oracle $(ORCL)$.

SAP beat the average analyst operating profit forecast by about 11%, even as cloud revenue growth of 26% came in slightly below forecasts.

Analysts at Stifel said the profit beat came from solid revenue growth, lower stock-based compensation and the benefits of last year's restructuring.

"This is a strong set of results and illustrates the resilience and defensiveness of SAP's earnings trajectory," added analysts at JPMorgan.

Crucially, SAP reiterated its financial targets. "We really see that we have solid, really good pipeline for the year. And so far, also not in April, we have not yet seen that there is any deterioration of conversion rates in the pipeline," Chief Executive Christian Klein said during a conference call, according to a FactSet transcript.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

April 23, 2025 08:53 ET (12:53 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10