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Apr 27, 2026 8:02 AM

What's Going On With SAP Stock Monday?

On Monday, SAP SE (NYSE:SAP) and S3NS announced an expansion of sovereign cloud services in France, with Thales as the first customer.

S3NS is a cloud services provider jointly established by Thales and Alphabet Inc.’s Google Cloud (NASDAQ:GOOGL).

SAP will deploy its RISE private cloud edition on S3NS’ SecNumCloud-certified platform, PREMI3NS, by the second half of 2026. The setup keeps data under French jurisdiction while enabling AI-driven enterprise applications for regulated sectors.

Thales will migrate its ERP systems to the platform, aiming to streamline operations and strengthen compliance. The partnership also expands SAP’s sovereign cloud ecosystem and is expected to accelerate secure cloud adoption across Europe.

Earnings Snapshot

Last week, SAP reported quarterly earnings of $2.01 per share, which beat the consensus estimate of $1.92. Revenue came in at $11.19 billion, which just missed the Street estimate of $11.26 billion.

The company’s current cloud backlog rose by 25% to 21.9 billion euros, indicating strong future revenue visibility.

SAP highlighted internal AI-driven productivity gains, including over 30% improvement in developer productivity, 12% higher support ...