economy

April 24, 2026

German tech giant reports revenue growth, despite not being immune to disruptions caused by Middle East conflict

German software giant SAP, one of Europe's most valuable companies, today reported growth in all key financial indicators in the first quarter of 2026, with a strong contribution from cloud business, and the company's shares rose by up to 6.3 percent.

German tech giant reports revenue growth, despite not being immune to disruptions caused by Middle East conflict

TL;DR

  • SAP reported growth in all key financial indicators in Q1 2026.
  • The cloud business segment was a major driver of growth, with a 19% increase in revenue.
  • Total revenue increased by 6% year-on-year to nearly 9.6 billion euros.
  • The indicator for future revenue from cloud computing services contracts grew by 20% to 21.9 billion euros.
  • Adjusted operating profit (EBIT) rose by 17% to nearly 2.9 billion euros.
  • Net profit increased by 8% to 1.9 billion euros.
  • SAP CEO Christian Klein expressed optimism for the rest of 2026.
  • The company acknowledged not being fully immune to disruptions from the Middle East conflict but noted clients may increase software usage during uncertain times.
  • Revenue growth from cloud business is expected to accelerate further in 2027.

Continue reading the original article