SAP is trading 5.95% up at $155.08 following its second-quarter earnings report, which highlighted stronger-than-expected revenue and rapid cloud momentum.
- Cloud revenue jumped 22% to €6.28 billion, supported by a 27% increase in cloud backlog and a 9% rise in total revenue to €9.88 billion.
- Investors are reacting positively to the growth beat and cloud expansion, despite the company slightly trimming its 2026 profit outlook.