SAP Shares Climb On Better-Than-Expected Q1 Results

SAP SE SAP released its first-quarter results after Tuesday's closing bell. Here's a look at the key figures from the report. The Details: SAP reported quarterly revenue of 9.

01 billion euros ($9.48 billion), beating analyst estimates, according to Benzinga Pro. Earnings of 1.



44 euros ($1.54) per share also came in ahead of estimates. Read Next: Will Tesla Beat The Street? 68% Expect Something Markets May Not Be Ready For For the first quarter, SAP reported: Current cloud backlog of 18.

2 billion euros, up 28% and up 29% at constant currencies. Cloud revenue up 27% and up 26% at constant currencies. Cloud ERP Suite revenue up 34% and up 33% at constant currencies.

Total revenue up 12% and up 11% at constant currencies. IFRS operating profit of 2.3 billion euros; non-IFRS operating profit of 2.

5 billion euros, up 60% and up 58% at constant currencies. “Q1 once again underlines that our success formula is working. Current cloud backlog expanded 29% at constant currencies and total revenue saw a double-digit increase.

With a share of more predictable revenue of 86%, SAP’s business model remains resilient in uncertain times,” said Christian Klein , CEO of SAP. “Our AI-powered portfolio enables companies to navigate supply chain disruptions in over 130 countries and to unlock efficiencies with agility and speed,” Klein added. SAP Price Action: According to data from Benzinga Pro , SAP stock was up 8.

95% after-hours at $274.99 on Tuesday. Read Next: Amazon Stock Downgraded, Price Target Slashed As Tariffs Create Uncertainty Photo: Shutterstock Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock – anytime.

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