SAP's Q2 Earnings & Revenues Increase Y/Y on Cloud Momentum

Powered by resilient performance in the cloud business, SAP reported total revenues on a non-IFRS basis of €8.288 billion ($8,921.3 million), which rose 10% year over year both at nominal and constant currencies (cc) basis. The Zacks Consensus Estimate was pegged at $8,864.7 million. Additionally, it plans to invest substantially in Business AI capabilities, leveraging AI-driven insights to enhance customer value and operational efficiency. Current cloud backlog — a key indicator of go-to-market success in ...