Software giant SAP’s shares surge 9.3% after first-quarter profit beat

Chloe Taylor - CNBC - 09:59
SAP announced Wednesday that its first-quarter operating profit had risen by 58% year-on-year to hit 2.5 billion euros ($2.9 billion).
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SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues.

SAP'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....
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