Movement Alert｜SAP SE Rises 3.14% in Regular Trading, Q2 Cloud Business Surges 22% as SaaS Sector Recovery Fuels Rebound

Market Focus07-29

On July 29, SAP SE rose 3.14% in regular trading, trading at 185.25 USD/share, with turnover of $235 million. The stock continues its rebound trajectory driven by strong Q2 cloud business results and a broader SaaS sector recovery.

On the earnings front, SAP reported Q2 cloud revenue growth of 22% year-over-year, with cloud backlog reaching 22.929 billion euros, up 27%. Total revenue of 9.878 billion euros slightly exceeded consensus estimates, while IFRS net income surged 26%. Although non-IFRS EPS of 1.59 euros missed the 1.75-euro estimate, the accelerating cloud growth momentum remained the dominant narrative.

The broader SaaS sector provided additional tailwinds after Morgan Stanley issued a report stating that prior pessimism toward software stocks was excessive, maintaining a positive rating on the sector. On July 28, the SaaS sector rallied broadly with funds rotating from semiconductor stocks into software names, lifting SAP over 6% in a single session. With SAP shares having declined approximately 35% year-to-date amid multiple analyst target price cuts, the earnings release catalyzed sustained sentiment recovery from deeply oversold levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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