Stock Track | SAP SE Soars 6.46% After-Hours on Strong Q1 Earnings Beat and Robust Cloud Growth

Stock Track04-24 08:19

SAP SE's stock surged 6.46% in after-hours trading on Thursday, driven by the company's release of better-than-expected first-quarter financial results.

The German business software giant reported quarterly adjusted earnings of $2.01 per share, beating analyst estimates of $1.92. Cloud revenue, a key growth metric, jumped 19% to €5.96 billion, surpassing expectations. The company also maintained its full-year 2026 cloud revenue guidance, signaling confidence in its ongoing transition and growth trajectory.

CEO Christian Klein highlighted that the performance was supported by strong momentum in Business AI, with the company growing faster than the market and gaining share. The solid results and reiterated outlook helped the stock rebound from sector-wide pressure earlier in the day.

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