SAP Announces Q2 2024 Results
SAP News, Monday, July 22nd, 2024
Current cloud backlog of 14.8 billion Euros, up 28%, both at nominal and constant currencies; Cloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currencies
'Our cloud growth momentum remained strong in Q2, with Business AI enabling many deals. We continue to execute on our transformation with great discipline, leading to an increase in our operating profit ambition for 2025. At the same time, we continue to invest into our transformation to be the leader in Business AI. Given our progress and strong pipeline, we are confident to achieve accelerating topline growth through 2027.'
Christian Klein, CEO