SAP BEATS Q1 ESTIMATES, CLOUD SURGES 19%
■ AI-SUMMARIZED FROM 1 SOURCE BELOW
SAP reported first-quarter revenue of €9.56 billion, edging past analyst expectations of €9.53 billion. Non-IFRS operating profit jumped 17% to €2.87 billion, with cloud revenue accelerating to €5.96 billion.
■ MORE FROM THE BUSINESS DESK
Creditors of CDK Global have signed a cooperation agreement to coordinate their positions should the software company pursue debt restructuring negotiations. The pact signals creditors are preparing for potential financial difficulties at the company.
Australia became the first country to implement a social media ban for children in late 2025, with other nations following suit. The move aims to shield young users from cyberbullying, addiction, and predatory behavior.
Lyft has acquired Gett's London black cab app in its third international acquisition within a year, expanding the rideshare company's footprint outside the United States.
Tens of thousands of Samsung Electronics workers rallied Thursday at the company's South Korean campus, signaling plans for an 18-day strike next month. The labor action could disrupt global memory chip production at a critical time for the semiconductor industry.