Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in SAP surged more than 10 per cent on Wednesday after the German software group posted first-quarter earnings that beat analysts\u2019 forecasts, boosted by a pivot to cloud services and sweeping cost cuts.Europe\u2019s biggest company by market capitalisation reported adjusted operating profit of \u20ac2.5bn on Tuesday evening, exceeding analysts\u2019 consensus of \u20ac2.2bn and marking a 60 per cent year-on-year increase. The strong performance helped SAP claw back some of the \u20ac50bn in market value lost since its February peak amid investor jitters over global trade tensions. Despite the volatility, SAP retains its status as Europe\u2019s most valuable listed company, ahead of Denmark\u2019s Novo Nordisk and France\u2019s LVMH.SAP chief executive Christian Klein told analysts that demand for its supply chain and financial planning tools remained strong as clients navigated shifting tariffs, regulatory changes and cost-efficiency drives.\u201cCustomers seek our advice and solutions in uncertain times,\u201d said Klein, adding that the company\u2019s order pipeline for the year \u201ccontinues to look very solid\u201d.The group is in the midst of a strategic pivot from traditional software licence sales to cloud-based subscriptions, which offer more predictable and recurring revenues.SAP\u2019s current cloud backlog \u2014 a metric tracking contractually committed cloud revenue over the next 12 months \u2014 rose 29 per cent year on year on a constant currency basis to \u20ac18.2bn. Klein noted that automotive groups including Hyundai, Kia and Mazda \u2014 one of the sectors hardest hit by trade friction \u2014 had signed up for SAP\u2019s cloud migration services during the quarter. Deutsche Bank analysts said these conversions were \u201ca testament to SAP\u2019s resilience in providing key solutions to cost savings and productivity enhancements, whether it\u2019s in supply-chain optimisation or AI\u201d. In a client note, analysts described SAP as exhibiting \u201cstrength and resilience despite peak macro uncertainty\u201d.SAP has just completed a \u20ac3bn AI-focused restructuring programme, which has included thousands of job cuts over the past year.The company reaffirmed its 2025 targets, forecasting cloud revenue growth of 26 to 28 per cent to between \u20ac21.6bn and \u20ac21.9bn, and adjusted operating profit growth of 26 to 30 per cent to between \u20ac10.3bn and \u20ac10.6bn.Although SAP has so far avoided direct exposure to US tariffs, Klein acknowledged the geopolitical risks. \u201cEveryone is keeping a close eye on what happens in the next 90 days,\u201d he said, referring to the temporary suspension of tariffs by US President Donald Trump.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in SAP surged more than 10 per cent on Wednesday after the German software group posted first-quarter earnings that beat analysts\u2019 forecasts, boosted by a<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-287448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/287448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=287448"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/287448\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=287448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=287448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=287448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}