3rdPartyFeeds News

: SAP U.S. shares tick higher after preview of fourth-quarter results


SAP SE shares ticked higher in the extended session Thursday after the business software company released preliminary results of its fourth-quarter results.

SAP SAP, -3.03% American depositary receipts rose 1.9% after hours, following a 3% decline to close the regular session at $135.91.

The company said it expects fourth-quarter earnings of 1.86 euros a share, up from 1.70 euros a share in the year-ago period, on revenue of 7.98 billion, up from 7.54 billion euros.

SAP reported it expects a current cloud backlog of 9.45 billion euros, up from 7.15 billion a year ago.

For 2022, SAP expects cloud and software revenue of 25 billion to 25.5 billion euros, with cloud revenue of 11.55 billion to 11.85 billion euros.

Read More