About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Key Takeaways SAP delivered Q4 non-IFRS EPS of 1.62 euros, up 16% year over year, fueled by strong cloud bookings.SAP Business AI featured in two-thirds of cloud order entry, highlighting AI's role in deal conversion.SAP shares fell 18% pre-market as cloud backlog growth and 2026 cloud revenue guidance disappointed.SAP SE (SAP) reported fourth-quarter 2025 non-IFRS earnings per share (EPS) of €1.62, which increased 16% from the year-ago quarter. SAP’s fourth quarter was defined by strong cloud bookings and ...

1月29日，挪威央行投资管理（Norges Bank Investment Management）正式发布 2025 年年度投资报告。 数据显示，全球最大主权财富基金之一的挪威政府全球养老基金（Government Pension Fund Global，GPFG）在2025年实现15.1%的整体回报率，基金规模 于2025年12月31日达到21.268万亿挪威克朗（约合15.47万亿人民币）。 从基金规模变动细节来看，2025年基金会计收益达2.362万亿克朗（约1.72万亿人民币），但受挪威克朗对多国主要货币升值影响，汇率因素导致基金价值 缩水。同时，扣除管理费用后的资金净流入为319亿克朗，多重因素共同作用下，基金全年规模净增1.526万亿克朗。 从资产类别表现来看，权益类投资成为基金收益的核心驱动力。2025年，基金股票投资回报率高达19.3%，显著跑赢其他资产类别。其中，科技、金融及 基础材料板块表现尤为突出，贡献了权益投资的主要收益。挪威央行投资管理首席执行官尼古拉・丹根（Nicolai Tangen）在声明中强调："2025年基金交 出了极具说服力的成绩单，科技、金融与基础材料领域的优质股票持续 ...

JPMorgan noted SAP's "SAP needed ‌an all-round acceleration to fight the trough sector sentiment, and with puts and takes in the update we see shares underperforming," Citi analyst Balajee Tirupati said. By 1431 GMT, SAP shares had fallen as much as 17% to its lowest since February 2024, wiping over 40 billion euros off its market capitalisation and dragging Frankfurt's benchmark index lower in broadly positive European markets. The stock was last down 15.8%, near the session's lows. Other software stocks ...

Trevor Williams/DigitalVision via Getty Images Summary Foreign equity markets delivered their best returns in over a decade while our International Growth Composite Portfolio (the “Portfolio) finished the year essentially flat. This underperformance was not a result of deteriorating business fundamentals among our holdings, but rather a pronounced market preference for cyclically sensitive businesses. We seek to invest in businesses with durable competitive advantages, strong returns on capital, and re ...

Meta涨10.2%，上季业绩及营收指引均超预期。IBM涨7.8%，Q4业绩超预期。特斯拉涨1.8%，马斯克高 调推介擎天柱机器人，战略重心已全面脱离电动汽车。德国软件巨头SAP跌16.1%，其云业务订单增长 未达预期。微软跌7.2%，Q2云业务收入增速放缓，而资本支出猛增66%。 本文源自：金融界AI电报 ...

Thursday features major reports from Mastercard Incorporated, Caterpillar Inc., and SAP SE ADS pre-market, with tech titans Apple Inc. and Visa Inc. reporting after close. Friday brings energy giants Exxon Mobil Corporation and Chevron Corporation pre-market. Next Wednesday is a busy day for healthcare with Eli Lilly and Company, AbbVie Inc., Novartis AG, and Novo Nordisk A/S reporting, followed by Alphabet Inc. after close. Next Thursday wraps up the week with Amazon.com Inc. after market close. Disclaimer ...

专题：聚焦美股2025年第四季度财报 专题：聚焦美股2025年第四季度财报 周四盘前交易时段，软件公司股价普遍走低，此前微软和SAP均公布了财报。 微软下跌7%，SAP下跌14%。 其他个股动态：Datadog下跌5.7%，Atlassian下跌4.3%，Snowflake下跌3.4%，Workday下跌4.3%， MongoDB下跌2.9%，Salesforce下跌3.1%，Adobe下跌1.9%。 相关新闻：微软股价盘后大跌 支出创纪录新高且云业务增长放缓 责任编辑：刘明亮 周四盘前交易时段，软件公司股价普遍走低，此前微软和SAP均公布了财报。 微软下跌7%，SAP下跌14%。 其他个股动态：Datadog下跌5.7%，Atlassian下跌4.3%，Snowflake下跌3.4%，Workday下跌4.3%， MongoDB下跌2.9%，Salesforce下跌3.1%，Adobe下跌1.9%。 相关新闻：微软股价盘后大跌 支出创纪录新高且云业务增长放缓 责任编辑：刘明亮 ...

Core Insights - The company reported a successful year, achieving its outlook for cloud and software segments [3]. Financial Performance - The company is optimistic about its financial performance for 2025 and has provided a positive outlook for 2026 and beyond [2]. - The CEO highlighted the importance of AI in the company's future strategy [2]. Event Overview - The press conference included remarks from the CEO and CFO, followed by a Q&A session for both in-person and virtual attendees [1].

欧洲软件巨头SAP第四季度云积压订单增速未达公司此前设定的目标，引发市场对这家欧洲最大软件公司云转型前景的担忧，其股价创下五年多 来最大单日跌幅。 这家总部位于德国沃尔多夫的企业软件巨头周四公布， 第四季度当期云积压订单同比增长25%（按固定汇率计算）至211亿欧元（253亿美元）， 低于首席执行官Christian Klein此前设定的26%增长目标。Klein曾在去年10月表示，25%的增长将是"令人失望的"。 公司预计2025年云收入按固定汇率计算将增长至少23%，达到258亿至262亿欧元之间。据彭博汇编的数据，这一指引符合分析师平均预期的260亿 欧元。 CEO归因谈判延长 Klein在周四与分析师的电话会议中解释称，当期云积压订单低于预期部分是由于谈判时间延长。"这反映了世界上正在发生的事情，"他表示，客 户正在询问潜在的制裁、出口限制和新法规。"这并不反映需求问题。" 尽管核心指标未达标，SAP第四季度其他财务数据表现强劲。2025年云收入达到217亿欧元（按固定汇率计算），超过分析师预期。第四季度调整 后营业利润增长27%至28.3亿欧元。 这一业绩低于预期加剧了市场对人工智能编程工具可能冲击 ...