Germany’s software program large SAP now Europe’s largest firm, abandoning Novo Nordisk – Firstpost

German software program firm  SAP  overtook Danish healthcare firm Novo Nordisk as Europe’s largest firm by market capitalisation on Monday.

At 0900 GMT,  SAP  had a market cap of $340 billion, barely greater than Novo Nordisk, based on Reuters calculations utilizing LSEG Workspace knowledge.

SAP  is Europe’s largest software program maker, offering enterprise software software program utilized by firms for finance, gross sales, provide chain and different features.

Its shares have surged lately, partly resulting from optimism that its cloud enterprise shall be a significant beneficiary of latest funding in generative synthetic intelligence.

Whereas  SAP  shares are up 7% up to now in 2025, underperforming the broader European STOXX 600 index, which is up 8.3% year-to-date, they’ve clocked a complete return of 160% because the finish of 2022, far outperforming the STOXX 600’s 28%.

In distinction, Novo Nordisk shares have underperformed the market in latest months after knowledge from trials of its experimental next-generation weight problems drug Cagrisema disappointed traders.

The Danish healthcare agency unseated luxurious retailer LVMH as Europe’s largest firm in September 2023.

(Apart from the headline, this story has not been edited by Firstpost workers.)