Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017
Submitted by Rick Whiting on
SAP
CEO: Bill McDermott
Dec. 30, 2016: $86.43
June 30, 2017: $104.67
Change: +21.10%
SAP continues to make progress in growing its cloud software sales with the company reporting 49 percent growth in new cloud bookings and 34 percent growth in cloud revenue.
Revenue in the first quarter ended March 31 was 5.29 billion euro (U.S. $5.76 billion), up 12 percent from 4.73 billion euro (U.S. $5.15 billion) in last year's first quarter. But after-tax profits were down 7 percent in the quarter to 530 million euro (U.S. $603.9 million) from 570 million euro (U.S. $621.1 million) one year ago.