SAP AG, the largest maker of business-management software, wowed financial analysts with a great second quarter, lifting its shares on Thursday.
The German-based giant announced that sales of new software licenses rose 19 percent to $1.3 billion excluding currency swings, beating analysts' estimates, according to Bloomberg.
Analysts were impressed with SAP's second-quarter figures.
"Very sound set of figures given the macroeconomic uncertainties and the poor results of some competitors," DZ Bank analyst Oliver Finger was quoted as saying in a Reuters article.
Shares of the company were up 3 percent as of 12:13 p.m. ET.