US Stock Movement | SAP rises nearly 7% in pre-market trading as all key indicators for Q1 exceed expectations, maintaining a strong outlook for the full year

Glonghui, April 24 — SAP SE (SAP.US), Europe's largest software company, rose nearly 7% pre-market to $174.6. According to reports, on April 23 after the US market closed, SAP released its first quarter 2026 financial report. All core metrics in this report exceeded expectations, with cloud business showing especially strong performance driven by enterprise AI. This quarter, cloud revenue increased by 27%, with core cloud ERP suite revenue rising by 30% to reach €5.214 billion. This robust performance is mainly attributed to the deep integration of Business AI. SAP CEO Christian Klein stated that AI has become a key differentiator, delivering tangible results for customers and helping the company gain market share. Despite facing macro uncertainty, SAP has maintained an optimistic outlook for the full year 2026.