Europe’s largest software company SAP shares climb on reaching 2015 targets

SAP, Europe’s largest software company, yesterday met or slightly beat its 2015 revenue and profit targets, driven by strong year-end software licence renewals and customers moving to newer internet-based software.
Europe’s largest software company SAP shares climb on reaching 2015 targets

Shares in the German company, which are trading near record levels, rose 3.5% at one stage on the preliminary results, which were announced ahead of schedule because they were better than expected.

“It’s a solid set of figures, with some pros and cons,” said one Frankfurt trader, pointing to strong software licence renewals on the positive side and weaker margins as a negative.

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