Shares in SAP fell on Wednesday after the German software maker reported higher quarterly sales and earnings but held off on ...

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The German business-software group said clients were taking longer to sign up for its services amid uncertainty from U.S.

SAP's operating profit hit 2.5 billion euros ($2.9 billion) in the first quarter, compared with analysts expectations near 2.2 billion euros, according to LSEG data.

SAP - which is currently Europe's second largest tech company after ASML - has said it now expects the restructuring plans will see 9,000 to 10,000 staff reductions at a cost of around EUR3 billion.

Shares of German software company SAP jumped Wednesday after it released its quarterly and full-year results and announced plans to restructure 8,000 jobs in its push toward artificial intelligence.

SAP’s cloud backlog increased by 27% in constant currencies to €13.7 billion ($14.97 billion), an all-time high. Sales of the next-generation S/4 HANA ERP suite jumped 61% in constant currencies.

Shares of the enterprise software giant SAP SE were moving higher in extended trading today after the company posted mixed first-quarter earnings results. The Germany-based firm reported total ...