SAP Shares Rise After Results as Software Giant Gains Ground in AI
SAP posted its first quarter above 10 billion euros in revenue, with cloud revenue up 25%. Shares jumped about 4% in early Thursday trading, Barron's reported.
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what happened
According to Barron's, shares of German software maker SAP rose about 4% in morning trading on Thursday after it reported third-quarter results. Quarterly revenue topped 10 billion euros for the first time. Cloud revenue climbed 25% to 6.7 billion euros, and the current cloud backlog grew 26% to 24.1 billion euros.
CEO Christian Klein credits the gains to the company's business AI platform, which uses AI assistants and agents to manage operations and workflows. SAP also named new customers, including Spain's Banco Bilbao, Infineon, Greenbrier Maxion and the U.S. Defense Logistics Agency, and said it is working with AstraZeneca on life sciences AI solutions.
The report noted that SAP's ADRs fell about 40% from the start of the year to a 52-week low on July 23, but have since climbed more than 60%, beating the iShares Expanded Tech-Software Sector ETF's 22% gain over the same period.
why it matters
SAP's rebound has outpaced the software sector after a selloff driven by fears that AI would disrupt software businesses. For investors in European and tech equities, it shows that some companies may benefit from enterprise AI adoption rather than lose out to it.
market impact
European software and cloud: strong SAP results support the sector amid worries that AI will disrupt it
tags
instruments
sources
- SAP Stock Jumps After Earnings. How the Software Giant Became an AI Winner. — Barrons.com, 22 October 2026 at 15:31 UTC
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