Tag: Revenue Growth

. SAP, one of the leading software makers, reported better-than-expected first quarter revenue growth despite the anticipated economic slump. The company attributes the growth to its cloud business, cost-cutting and AI use cases such as OpenAI's chatbot ChatGPT. SAP is led by Christian Klein, who has successfully steered the company in difficult times. The company's plans for improving its products and increasing customer safety are promising.

As earnings season begins, investors are anticipating weaker corporate profits as Credit Suisse forecasts that S&P 500 companies will suffer a 6.4% decline. Despite the short-term bleak outlook, Jonathan Golub, Credit Suisse’s Chief US equity strategist suggests positive earnings growth of 0.6%. Median S&P 500 companies are also expected to gain 1.7% in total revenue. Stimulating stock picks from Golub could suggest profitable investment opportunities as early quarter numbers surpass estimates by 10.9%.

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