🟢 SAP is trading 5.78% up today after reporting a Q2 earnings beat and 22% cloud revenue growth

SAP is trading 5.78% up at $154.84 after reporting stronger-than-expected second-quarter results and robust cloud momentum.

• Cloud revenue jumped 22% to €6.28 billion, supported by a 27% increase in cloud backlog.
• Total revenue rose 9%, signaling solid demand and a successful transition to cloud-based services.
• The stock is rebounding from several down sessions earlier this week, with the earnings beat serving as the primary catalyst for the move.