- SAP ( NYSE: SAP ) shares rose on Monday as the Greman software company told customers that it would raise prices due to an increase in inflation, Reuters reported .
- The news outlet, citing a report from the Handelsblatt business daily, noted that SAP ( SAP ) told customers in a letter that it would raise prices up to 3.3% more for software installation maintenance.
- It is not yet known when the price increases would go into effect.
- SAP ( SAP ) shares rose almost 2% to $88.65 in premarket trading.
- Last month, SAP ( SAP ) appointed Dominik Asam as its new Chief Financial Officer and member of its executive board .
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SAP rises as software company will raise prices due to rising inflation: report