Investors Brace for Key Earnings Reports as U.S. Stock Market Opens
As the U.S. stock market prepares for a new trading week, investors are focused on key earnings reports from major companies like SAP SE, Nucor Corporation, and Logitech International. With mixed stock futures and significant market shifts, analysts predict important financial insights that could influence broader economic trends. Stay updated on these developments to navigate your investment strategies effectively.
SAP to Release Q3 2024 Financial Results on October 21
SAP SE is set to release its Q3 2024 financial results on October 21, 2024. CEO Christian Klein and CFO Dominik Asam will host a virtual analyst conference to discuss the company’s performance and future strategies. Observers are keen to see how SAP has adapted to recent market trends and technological advancements. Stay informed by subscribing to the SAP News Center for the latest updates.
SAP SE Reports Strong Growth in Cloud Revenue for Q1 2024
SAP SE reports a significant 24% increase in cloud revenue for the first quarter of 2024, with a 32% rise in Cloud ERP Suite revenue. The company’s cloud backlog reaches €14.2 billion, showing a 27% increase. Despite an IFRS operating loss, SAP expresses confidence in achieving its 2024 goals, driven by Business AI and attracting new customers. CEO Christian Klein and CFO Dominik Asam highlight the successful transformation program and growth momentum in the Cloud ERP Suite.