SAP
missed expectations for sales in its key cloud division and cut its outlook in first-quarter earnings released Friday. But the stock is still rising after the German software giant beat estimates for overall profit and revenue.
SAP
(ticker: SAP) reported earnings of €1.27 ($1.39) a share on revenue of €7.44 billion in the first three months of 2023. Analysts surveyed by FactSet had expected profit of €1.10 on sales of €7.30 billion.