SAP (ETR:SAP) surges on cloud backlog outperformance, outshining profit downgrade

FRANKFURT, July 24, 2026, 15:03 CEST SAP shares advanced on Friday after the company reported a stronger-than-anticipated cloud backlog, offsetting concerns about a reduced profit outlook.

24 July 2026

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SAP SE (ETR:SAP) shares rise 6% as cloud backlog surpasses expectations despite profit guidance cut

SAP stock rose as cloud backlog growth surpassed cloud revenue growth, marking a four percentage point swing from the previous quarter. This improvement in forward demand outweighed a €100 million reduction to its annual profit outlook.

24 July 2026

Cloud Computing·Earnings·ETR:SAP·Stock Market