Why Is SAP Stock Gaining Thursday?
SAP stock surges premarket after strong Q2 cloud growth offsets a slight USD estimate miss. Read SAP's latest earnings breakdown.
SAP's cloud business (renting software over the internet) grew really strong in the second quarter, which made investors happy even though one money number was a tiny bit lower than expected. When a company's main business is booming, that's a sign it might be doing well, so watch if they keep growing their cloud business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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