Software giant SAP upgrades outlook as CFO says DeepSeek is 'good news'

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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