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What Enabled SAP Stock to Reach Its All-Time High This Week?

Anne Shields
What Enabled SAP Stock to Reach Its All-Time High This Week?

Earlier in the series, we discussed SAP’s (SAP) acquisition of Coresystems and the launch of its fourth-generation customer experience suite, C/4HANA, both of which are expected to benefit the company tremendously in the customer relationship management market. SAP’s new cloud bookings grew 25% in constant currency terms to 245 million euros in the fiscal first quarter. New cloud bookings are viewed as an important indicator of revenue growth in the cloud market.