SAP: AI-Focused Restructuring to Add €200 Million to Bottom Line

Category: Business

SAP has raised its 2025 operating profit target to €10.2 billion, reflecting efficiency gains from its AI-focused restructuring program. The company expects to retrain or see 9,000 to 10,000 employees leave as it shifts focus to Business AI and other strategic areas. SAP's cloud revenue grew 25% year over year, indicating strong growth momentum despite industry volatility.

Keywords: SAP, AI restructuring, Business AI

Source: PYMNTS.com

Update At: 7/23/2024

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