SAP reports Q1 revenue up 6% YoY to €9.56B, non-IFRS operating profit up 17% to €2.87B

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TLDR

  • SAP beat Q1 revenue estimates and posted strong profit and cloud growth, sending shares up more than 10% after hours.

Key Facts

  • Q1 revenue rose 6% year-over-year to €9.56B, ahead of the €9.53B analyst estimate.
  • Non-IFRS operating profit increased 17% to €2.87B.
  • Cloud revenue grew 19% to €5.96B.
  • SAP shares rose more than 10% in after-hours trading following the report.

Why It Matters

  • Cloud revenue now accounts for a majority of SAP’s total revenue, and its 19% growth rate outpaced overall revenue growth.
  • The beat on both revenue and profit in a single quarter signals execution stability for Europe’s largest software maker.

Reuters · 2026-04-23 · Read the original