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SAP (SAP GY) Q1 2026 (EUR): Adj. operating profit 2.87bln (exp. 2.73bln), revenue 9.56bln (exp. 9.56bln). To buy back EUR 10bln of shares.

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Q1 Cloud revenue 5.96blnFY Guidance FY Adj. op. profit view 11.9-12.3bln (exp. 11.8bln).  Cloud revenue 25.8-26.2bln FCF 10bln.

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