SAP shares rise 3.5% as cloud backlog growth tops forecasts
SAP shares rose about 3.5% to $240.97 on October 22 after quarterly revenue passed 10 billion and cloud backlog grew 26% at constant currencies.
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what happened
Shares of enterprise software provider SAP gained about 3.5% to $240.97 in morning trading on October 22, after the company published quarterly results. Revenue passed 10 billion for the first time.
Cloud revenue rose 26% to 6.67 billion, non-IFRS operating profit climbed 18% to 3.03 billion, and free cash flow jumped 36% to 1.72 billion. Citing Reuters, gurufocus.com reported that current cloud backlog grew 26% at constant currencies to 24.14 billion, above UBS's forecast of 24–25% growth.
SAP now expects cloud revenue near the upper end of its annual guidance and kept its operating-profit outlook unchanged.
why it matters
The $240.97 price sits about 6% below the $256.55 GF Value estimate cited by gurufocus, a modest discount according to the publisher. A larger contracted revenue base improves visibility, but contracts still have to become recognized revenue and cash. Fourth-quarter results will show whether strong cloud demand can translate into a stronger finish to the year.
market impact
Software stocks: strong cloud demand supports SAP shares and the sector
tags
instruments
sources
- SAP Stocks Rise 3.54% as Cloud Backlog Extends Momentum — gurufocus.com, 22 October 2026 at 18:57 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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