SAP BEATS Q1 ESTIMATES, CLOUD SURGES 19%

INDUSTRY DESK■ 1 MIN READ

FRI, APR 24, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

SAP reported first-quarter revenue of €9.56 billion, edging past analyst expectations of €9.53 billion. Non-IFRS operating profit jumped 17% to €2.87 billion, with cloud revenue accelerating to €5.96 billion.

Europe's largest software maker delivered results that exceeded consensus estimates, signaling strong demand across its business segments. Year-over-year revenue growth reached 6%, while the company's cloud division—a key strategic focus—expanded 19% compared to the prior year. The 17% surge in non-IFRS operating profit outpaced revenue growth, reflecting improved operational efficiency and margin expansion. Cloud revenue now represents 62% of total quarterly revenue, underscoring SAP's successful transition toward subscription-based models. The results triggered a 10% stock price increase in after-hours trading, reflecting investor confidence in the company's trajectory. SAP's performance comes as enterprise software vendors navigate mixed economic conditions globally, making the company's cloud acceleration particularly notable.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

P599JIO PLATFORMS CLEARS $4B IPO REGULATORY HURDLE

Jio Platforms, India's largest carrier backed by Meta and Google, has received regulatory approval to launch the country's biggest-ever initial public offering worth approximately $4 billion.

1H AGO— Industry Desk

P598NEOCLOUD LAMBDA RAISES $1B FOR NVIDIA CHIP PURCHASE

Neocloud Lambda has secured $1 billion in private debt financing to purchase Nvidia AI chips for resale to Microsoft. The funding marks the latest major investment in AI infrastructure as demand for chips continues to outpace supply.

1H AGO— Industry Desk

P587PASQAL QUANTUM SHARES SURGE 95% IN NASDAQ DEBUT

French quantum computing company Pasqal Holding SA went public Friday via SPAC merger, with shares closing up 95% on their first trading day—a strong performance compared to other recent quantum computing debuts.

3H AGO— Industry Desk

P578100 COMPANIES BUNGLE DATA ACCESS REQUESTS

A test of 100 firms revealed widespread confusion over California's legal data access rights, with many companies deleting information instead of providing it to requesters.

6H AGO— Industry Desk

◄ BACK TO NEWS

SAP BEATS Q1 ESTIMATES, CLOUD SURGES 19%

■ MORE FROM THE BUSINESS DESK

■ SUBSCRIBE TO THE DAILY BRIEF