SAP Announces Q2 2024 Results

Category: Finance

SAP SE reported a strong financial performance for Q2 2024, with a 28% increase in cloud backlog and a 25% rise in cloud revenue. The company reiterated its 2024 outlook and increased its 2025 operating profit ambition, driven by ongoing transformation and Business AI initiatives.

Keywords: SAP, financial results, cloud revenue

Source: SAP News Center

Update At: 7/23/2024

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