Everything on Enterprise Software & Cloud Transformation

SAP’s Q1 2026 results demonstrate a successful structural shift, with cloud revenue now comprising 63% of total sales and gross margins reaching 75%.

Impact: The sustained margin expansion and backlog growth validate SAP’s cloud transition, offering a fundamentally sound entry point despite broader tech sector volatility.

— from Corporate Pivots, Cloud Margins, and Infrastructure Booms · Aktien fürs Leben· Apr 29, 2026