SAP (SAP) Shares Surge Midday as Co. Sees Non-IFRS Profit at High End of Guidance Range

July 26, 2011 11:34 AM EDT
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SAP AG (NYSE: SAP) now sees non-IFRS operating profit at the high end of its previously-issued range of EU4.45-EU4.65 billion. The company sees non-IFRS operating margin up 0.5-1 percentage points this year.

The stock has spiked sharply following the updated guidance; shares last traded at $63.66, up 5.5 percent from Monday's close.

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