XTRA:SAPSoftware
SAP (XTRA:SAP) Is Down 13.6% After Soft 2026 Cloud Guidance Undercuts Strong 2025 Earnings
SAP SE reported its fourth-quarter and full-year 2025 results on January 29, 2026, with revenue rising to €9,684 million for the quarter and €36.80 billion for the year, alongside full-year net income of €7,327 million and new 2026 guidance targeting €25.8 billion–€26.2 billion in cloud revenue at constant currencies.
While SAP highlighted record total cloud backlog of €77 billion and the growing role of SAP Business AI in cloud orders, investors focused on 2026 cloud revenue and backlog...