[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciod05c2fef":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dciod05c2fef","商业AI驱动SAP(SAP)Q1财报超预期，云业务转型加速见效增长25%，维持全年强劲指引-","\u002Fdoc\u002Fdciod05c2fef","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，SAPSE(SAP)于美东时间2026年4月24日公布2026年第一季度财务报告。数据显示，SAP Q1总营收95.6亿欧元，同比增长12%，超出市场平均预期，GAAP每股收益为1.94美元，调整后每股收益2.01美元，均超分析师预期。得益于商业AI深度嵌入云产品组合，公司云业务与运营利润双双超出市场预期，当前云业务积压订单(Current Cloud Backlog)按固定汇率强劲增长25%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">核心业绩(非IFRS口径)方面，按固定汇率计算，当前云积压订单219.3亿欧元，同比增长25%;云业务收入59.6亿欧元，同比增长27%，其中云ERP套件收入52.1亿欧元，同比增长30%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">公司Q1运营利润28.7亿欧元，同比增长24%，运营利润率30.0%，同比增长2.8%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">SAP是全球企业应用与商业AI领导者，帮助各类组织整合财务、采购、人力资源、供应链及客户体验等关键流程。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">全球三大区域云业务均实现20%以上增长EMEA同比增长29%、美洲同比增长23%、亚太及日本同比增长30%。云及软件总营收达90.3亿欧元，增长14%。传统软件许可收入同比下降37%，清晰表明公司云转型加速推进。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">商业AI持续支撑业绩\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">商业AI成为核心增长引擎。AI助手Joule已在35个解决方案中上线，拥有超过40个专业智能体和2,400项技能。近期SAP与谷歌云扩大合作，共同部署多智能体AI解决方案;汉诺威工业博览会上展示了“未来工厂”中人形机器人自主执行任务的物理AI协同场景。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">SAP首席执行官Christian Klein表示\"2026年我们取得了强劲开局，当前云积压订单增长25%，云收入按固定汇率增长27%。商业AI持续为业绩提供支撑，我们已在为客户交付真实可见的成果。我们的增速远超市场平均水平，随着客户在套件和AI解决方案上的持续扩展，我们正不断获得市场份额。在即将到来的Sapphire大会上，我们将展示如何迈出下一步飞跃。\"\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">首席财务官Dominik Asam指出“本季度收入与盈利端均展现严格执行力。面对复杂的宏观与地缘政治环境，我们持续优化成本基础，维持盈利能力。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">值得注意的是，SAP的业务结构正在发生显著变化。软件许可收入同比下降37%，软件支持收入同比下降11%，这一结构性变化清晰呈现出传统本地部署业务的持续收缩趋势，佐证了公司向云优先模式加速转型的战略方向。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">维持全年展望不变\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">SAP维持2026年全年指引不变云业务收入258-262亿欧元，按固定汇率同比增长23%-25%，非IFRS运营利润119-123亿欧元，同比增长14%-18%，自由现金流目标约100亿欧元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">管理层提示，Q1云收入部分受益于一次性合同因素，Q2增长或将温和放缓;中东地缘冲突可能影响区域合同签署。一季度自由现金流32.5亿欧元，同比下降9%，主要受4.08亿欧元Teradata诉讼和解金影响。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2026年1月，SAP宣布一项总规模不超过100亿欧元、有效期至2027年12月31日的新股份回购计划。截至2026年4月1日，该计划的第一阶段已完成累计回购16,280,097股，平均回购价格为161.16欧元，回购总金额约26亿欧元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">财报公布后，SAP美股ADR盘后上涨约7%。今年以来公司股价累计下跌约32%，本次业绩以稳健执行回应了年初市场对云增长放缓的担忧，投资者对SAP云转型进入预期落地阶段表示认可。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FS\u002FSAP\u002FSAP.jpg","2026-04-24T15:17:49","2026.04.24","2026\u002F04\u002F24",37674,[22],"SAP","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" 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href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":68,"summaryHtml":73,"aboutTitle":74,"aboutHtml":75,"copyrightHtml":76},[44,47,50,53,56,59,62,65],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fplan",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":60,"url":61},"美股课程","\u002Fcol\u002Fvideos",{"label":63,"url":64},"免责声明","\u002Fdisclaimer",{"label":66,"url":67},"联系我们","\u002FContactUs",[69,70,71,72],"https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]