09:12 AM EST, 01/28/2025 (MT Newswires) -- Technology stocks were advancing premarket Tuesday, with The Technology Select Sector SPDR Fund (XLK) 0.5% higher and the SPDR S&P Semiconductor ETF ( XSD ) up 2.3%.

Commvault Systems ( CVLT ) shares rose by over 3% after the company reported higher fiscal Q3 non-GAAP earnings and revenue in addition to lifting its fiscal 2025 revenue outlook.

Clarivate ( CLVT ) stock was over 2% higher after the company said the British Library has selected the company to provide its library services and discovery platforms.

SAP (SAP) shares were down more than 2% even after the company reported higher Q4 non-IFRS earnings from continuing operations and revenue.