Germany-based software program firm SAP turned Europe’s most beneficial agency on Monday, surpassing Denmark’s pharmaceutical firm Novo Nordisk.
SAP shares elevated by about 0.8% on Monday as of 1215GMT with its market worth reaching round €311 billion ($336 billion).
Novo Nordisk’s shares, alternatively, misplaced round 2.2% in the identical interval, whereas the corporate’s market worth fell to round €275 billion.
SAP shares, which offer firms with utility software program akin to gross sales and provide chain, rose about 40% in 2024 and 6.5% this yr.
The software program firm’s revenues rose above expectations final yr, thanks specifically to the excessive demand for cloud and synthetic intelligence merchandise.
Shares of Danish Novo Nordisk, the maker of Ozempic and Wegovy medication, fell round 16% this yr after knowledge from trials of the new-generation weight problems drug Cagrisema dissatisfied buyers.
Source: www.anews.com.tr