Kepler Capital analyst Laurent Daure maintained a Buy rating on SAP SE (0NW4 – Research Report) on April 23 and set a price target of €285.00.

SAP announced Wednesday that its first-quarter operating profit had risen by 58% year-on-year to hit 2.5 billion euros ($2.9 billion).

SAP’s quarterly adjusted earnings per share rose 79% to €1.44 ($1.64). Analysts had expected earnings of €1.32 a share.