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SAP reports Q1 EPS EUR 0.41 vs. EUR 0.63 last year

Reports Q1 revenue EUR 7.44B vs. EUR 6.77B last year. Reports cloud revenue up 24%. Reports current cloud backlog up 25%. Christian Klein, CEO: "We have entered a powerful new phase in our strategic transformation, with topline and bottom-line results clearly demonstrating the tipping point we passed in the fourth quarter 2022. Our cloud momentum continues at a fast pace which is contributing to our strong revenue and double-digit non-IFRS operating profit growth this quarter."

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