Google Cloud Revenue Reaches

SAP reported Q1 2026 cloud revenue of €5.96 billion, representing a 27% increase at constant currencies. The company's current cloud backlog has also risen by 25% to €21.9 billion. This growth indicates strong momentum in the enterprise software sector despite broader economic shifts. Software company SAP released its first quarter financial results on Friday. The company reported growth in its cloud business despite recent market pressure regarding competition from artificial intelligence. Investors had previously expressed concerns that AI could displace traditional software offerings. The report comes as the DAX index faces downward pressure due to geopolitical uncertainty. This growth follows a period where other tech entities reported quarterly results below market expectations. The increase is measured against the first quarter of the previous year. Google's cloud sector revenue grew by 63% compared to the first quarter of last year. The company's cloud order book has increased fivefold over the past year. To meet demand, Google is expected to spend between 180 and 190 billion dollars this year.