FRANKFURT (dpa-AFX) - Positive surprises in the figures of US competitor Oracle helped SAP shares to advance on Tuesday. On the Tradegate trading platform, the shares of the Walldorf-based software company rose by 1.1 percent to 175.35 euros compared to the Xetra close on Monday.

According to a trader, Oracle surprised positively in the third quarter thanks to large cloud infrastructure contracts and posted double-digit percentage growth in the US. "Oracle is benefiting from the boom in demand for AI," confirmed a second trader. "This also helps sentiment for the SAP Group, which also has artificial intelligence (AI) as fuel up its sleeve."/ck/tih