SAP shares surge to all-time high after results, plans to restructure 8,000 jobs in push to AI

  • 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.
  • Chief Financial Officer Dominik Asam told CNBC that the move is part of the company’s aims to “fully capitalize on the opportunity” on the next wave of fast-moving technology.
  • SAP shares were trading up by 8:15 a.m. London time.

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