SAP SE reported total first-quarter revenue of €9.56 billion. This result represents a 6% year-over-year increase. Non-IFRS operating profit rose 17% during the quarter.
Cloud revenue grew 19% to reach €5.96 billion. At constant currencies, cloud revenue expanded by 27%. The current cloud backlog increased 25% at constant currencies to €21.9 billion.
SAP shares rose significantly in after-hours trading following the release.