Current cloud backlog of €21.9 billion, up 20% and up 25% at constant currencies
Cloud revenue up 19% and up 27% at constant currencies
Cloud ERP Suite revenue up 23% and up 30% at constant currencies
Total revenue up 6% and up 12% at constant currencies
IFRS operating profit up 17%, non-IFRS operating profit up 17% and up 24% at constant currencies
Christian Klein, CEO:
We had a strong start to the year, with Current Cloud Backlog growing by 25% and Cloud Revenue up 27% at constant currencies. This performance is supported by our momentum in Business AI as we are already delivering real outcomes for customers today. We are growing faster than the market and are gaining share as customers expand across our Suite and with our AI solutions. At Sapphire, we will show how we are taking the next leap forward.
Dominik Asam, CFO:
We delivered a solid start to the year, supported by disciplined execution in revenue and profitability. At the same time, we have remained focused on managing our cost base and maintaining profitability as we navigate an increasingly complex and uncertain macroeconomic and geopolitical environment.
Group Results at a Glance
First quarter 2026
IFRS
Non-IFRS1
€ million, unless otherwise stated
Q1 2026
Q1 2025
∆ in %
Q1 2026
Q1 2025
∆ in %
∆ in % const. curr.
Current cloud backlog
21,932
18,202
20
25
SaaS/PaaS
5,896
4,890
21
5,896
4,890
21
28
Thereof Cloud ERP Suite2
5,214
4,251
23
5,214
4,251
23
30
Thereof Extension Suite2
681
639
7
681
639
7
12
IaaS2
66
104
–36
66
104
–36
–32
Cloud revenue
5,962
4,993
19
5,962
4,993
19
27
Software licenses revenue
116
183
–37
116
183
–37
–33
Software support revenue
2,469
2,761
–11
2,469
2,761
–11
–6
Cloud and software revenue
8,548
7,938
8
8,548
7,938
8
14
