SAP Q1 Earnings Beat Forecasts as Cloud Revenue Climbs 27% in Constant Currencies, Outlook Holds
SAP, Europe’s top software company, posted first-quarter numbers late Thursday that beat forecasts, driven by solid cloud demand. Operating profit came in at 2.74 billion euros, up 17%, while cloud revenue increased 19% to reach 5.96 billion euros. The company reaffirmed its 2026 targets.
