SAP

European stocks rebound as SAP earnings and PMI data ease oil-price fears

European equities rallied on Friday, July 24, 2026, as a strong earnings update from SAP and better-than-expected business activity data helped investors look past a fresh surge in oil prices driven by Middle East tensions.

SAP shares surge after cloud backlog beats expectations

SAP shares surged more than 6% on Friday after the German software giant's second-quarter cloud contract backlog topped analyst expectations, offering relief to investors who had watched the stock lose a third of its value in 2026.

EU accepts binding commitments from SAP over ERP support practices

The European Commission on Wednesday accepted binding commitments from SAP to address competition concerns over its on-premises ERP maintenance and support services, concluding a formal antitrust investigation that began in September 2025. SAP welcomed the decision, framing it as an…

SAP CEO says AI could replace all human coders within four years

Christian Klein, CEO of SAP, told the Australian Financial Review that artificial intelligence advances in "vibe coding" could eliminate the need for human software developers at his company within four years — a stark prediction from the leader of one…