SAP shares leap on Q1 beat
23/04/2025 06:56
** German software maker SAP SAPG.DE shares are seen rising 9.2% in Lang & Schwarz premarket trade after it beat Q1 expectations, helped by a 29% current cloud backlog growth in constant currency ** SAP's Q1 adjusted operating profit reached 2.5 billion euros ($2.85 billion), compared with expectations of 2.22 billion euros, according to a company-provided consensus ** "Overall, this is a strong set of results and illustrates the resilience and defensiveness of SAP's earnings trajectory," J.P Morgan writes ** In Lang & Schwarz premarket trade, SAP's stock is seen at the top of Germany's blue chip index .GDAXI ($1 = 0.8786 euros) (Reporting by Tristan Veyet) ((Tristan.chabba@thomsonreuters.com))