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    SAP rises after cloud backlog growth beats estimates

    Picture of SAP SE logoSAP SE
    24/07/2026 07:30
    BUZZ-SAP rises after cloud backlog growth beats estimates
    ** Germany's SAP SAPG.DE shares climb 3.8% in early Frankfurt trading after the software maker posted Q2 current cloud backlog growth ahead of consensus
    ** The company says that in the May-June period, current cloud backlog rose 26% year-on-year, which is above the 24% expected by consensus cited by Jefferies
    ** "SAP again delivers above-expectation cloud growth, proof its shift to the “Autonomous Enterprise” and Business AI is landing," AlphaValue says
    ** AlphaValue describes current cloud backlog as a "key metric" for the company
    ** SAP tops German blue-chip index .GDAXI in early Frankfurt trade

    (Reporting by Danny Callaghan)
    ((danny.callaghan@thomsonreuters.com))

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