Summary: SAP, Europe’s largest software maker, reported an adjusted operating profit of 2.5 billion euros for the first quarter, exceeding analyst expectations. The company expects cloud revenues to reach 21.6-21.9 billion euros this year and is restructuring its workforce to prepare for the AI era.

Link: https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/german-software-maker-sap-beats-operating-profit-estimates-first-quarter