German tech giant SAP upgraded its 2025 operating profit outlook to 10.3-10.6 billion euros, fueled by strong cloud computing and AI operations growth. The firm’s adjusted operating profit for 2024 increased by 25% to 8.15 billion euros, surpassing analyst expectations. Revenue from core cloud and software businesses rose by 11%, with CFO Dominik Asam expressing confidence in meeting 2025 targets. Analysts at JPMorgan noted the upgrade was above expectations, with shares trading down 0.9% following the announcement.
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US banks announce big shareholder payouts as Fed eases stress tests
Wall Street's major banks, including JPMorgan and Goldman Sachs, announced significant shareholder payouts after passing relaxed regulatory stress tests, reflecting a less stringent banking environment post-2008 financial crisis. JPMorgan plans a $50 billion share buyback and increases its dividend to $1.50 per share, while Goldman raises its dividend by 33% to $4, marking a shift towards increased capital returns to shareholders. Explain It To Me Like I'm 5: Big banks are giving more money to...
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