Software giant SAP’s shares surge 9.3% after first-quarter profit beat [MSNBC.com]
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Source: MSNBC.com
The headquarters of SAP AG, Germany's largest software company, on Jan. 8, 2013, in Walldorf, Germany.Thomas Lohnes | Getty Images News | Getty ImagesSAP on WednesdaypostedSAP's operating profit hit 2.5 billion euros ($2.9 billion) in the first quarter, compared with analysts expectations near 2.2 billion euros, according to LSEG data.Shares of the company popped 9.3% by 8:59 a.m. in London on Wednesday.The German software giant, whichlast month overtookSAP CEO Christian Klein said in a statement that the results showed "our success formula is working.""SAP's business model remains resilient in uncertain times," he said. "Our -powered portfolio enables companies to navigate supply chain disruptions in over 130 countries and to unlock efficiencies with agility and speed."This breaking news story is being updated.
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