Stock Track | SAP SE Soars 7.96% After-hours on Strong Q1 Earnings Beat and Robust Cloud Growth

Stock Track04-24 04:34

SAP SE's stock surged 7.96% in after-hours trading on Thursday, following the release of the company's first-quarter financial results.

The significant price movement was driven by SAP reporting quarterly adjusted earnings of $2.01 per share, which surpassed the analyst consensus estimate of $1.92 by 4.69 percent. This result represents a substantial 33.11 percent increase compared to earnings of $1.51 per share from the same period last year. While quarterly sales of $11.189 billion slightly missed the estimate of $11.260 billion, they still showed an 18.05 percent year-over-year increase.

Further supporting investor optimism were details from the company's quarterly statement, highlighting strong cloud business performance. SAP reported a current cloud backlog of €21.9 billion, up 20 percent (25 percent at constant currencies), with cloud revenue growing 19 percent (27 percent at constant currencies). The company also maintained its financial outlook for the full year 2026.

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