SAP has extended its lead as Europe’s most valuable company after reporting better-than-expected earnings. The software company’s stock rose by 11% in Frankfurt, outpacing Nestle and putting further distance between the two. This surge cements SAP’s position at the top of the European market capitalization list.
As of Wednesday, SAP’s shares surpassed €2 trillion, surpassing Nestle and other major European companies. The company’s strong earnings report has boosted investor confidence in its ability to drive growth and innovation in the business software sector. With this success, SAP solidifies its status as one of the most valuable companies in Europe.
Source: https://www.marketwatch.com/story/sap-extends-lead-as-europes-most-valuable-company-after-earnings-beat-c266c9a8