SAP rises after cloud backlog growth beats estimates

SAP SE

24/07/2026 07:30

** 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))