Movement Alert｜SAP SE Intraday Rise 3.26% in Regular Trading, Q3 Revenue Tops 10 Billion Euros and Full-Year Outlook Improves

Market Focus10-22 21:58

On October 22, SAP SE rose 3.26% in Regular Trading, trading at $241.075 per share, with turnover of $287 million.

The move followed the company’s latest quarterly results, which beat market expectations, with third-quarter revenue reaching 10.27 billion euros for the first time above the 10 billion euro mark and adjusted EPS of 1.89 euros, both ahead of consensus.

SAP also said full-year total revenue is expected at 36.3 billion to 36.8 billion euros, implying growth of 12% to 13% and moving toward the upper end of its prior range, while maintaining its constant-currency operating profit outlook of 11.8 billion to 12.2 billion euros. The combination of a revenue beat, earnings beat, and firmer guidance appears to be the primary driver behind the stock’s strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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