SAP (SAP GY) exec. says current cloud backlog rose 25% to EUR 21.9bln; framed demand visibility as solid going into the rest of 2026 despite a more volatile macro backdrop

The announcement from SAP indicates strong demand signals, with their cloud backlog rising significantly.

Newsquawk StaffPublished 23 Apr 2026, 21:34 UTCOn the live feed at 21:14 UTC — 5 more headlines followed before this page went public

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Newsquawk Daily Asia-Pac Opening News - 24th April 2026

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Intel (INTC) CEO says AI is shifting into real world with physical AI, robots and Edge AI; CPUs regaining its position as the foundation of AI; sees accelerating deployment of AI infrastructure as an opportunity for Foundry business

21:14

SAP (SAP GY) exec. says current cloud backlog rose 25% to EUR 21.9bln; framed demand visibility as solid going into the rest of 2026 despite a more volatile macro backdrop

21:00

Baker Hughes Company (BKR) Q1 2026 (USD) Adj. EPS 0.58 (exp. 0.49), Revenue 6.59bln (exp. 6.34bln)

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US military are developing plans to target Iran's Hormuz defences if the ceasefire fails, CNN reports

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This 25% increase, coupled with positive visibility for demand into 2026, suggests a solid growth outlook despite macroeconomic volatility, which could bolster investor confidence in their stock and positively influence the software sector as a whole.

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