SAP's Profits Top Estimates, Though Cloud Revenue Growth Slows
The German software giant posted adjusted earnings per share of 1.50 euros ($1.76), up from 1.10 euros per share in the year-ago quarter and above analysts' estimates compiled by Visible Alpha. Revenue of 9.03 billion euros ($10.61 billion) was roughly in line, as cloud revenue grew 24% to 5.13 billion euros, slowing from over 25% growth in the year-ago period and just short of estimates.
SAP maintained its full-year cloud revenue forecast of 21.6 billion euros to 21.9 billion euros. Wall Street analysts were looking for 21.31 billion.
CEO Christian Klein said the results come as the company's AI assistant Joule is becoming available "everywhere and for everything."
"Enterprise operations are about to enter a new era, and SAP is best positioned to benefit from that evolution," Klein said.
SAP shares were down close to 2% in extended trading. The stock was up nearly 25% for 2025 through Tuesday's close.
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