SAP reports Q2 profits up 33% to €1.94bn, cloud revenue growth at 25%, and raises 2025 adjusted operating profit expectation to €10.2bn.
SAP, Europe's largest software maker, reported better-than-expected Q2 results with a 33% rise in operating profit to €1.94bn ($2.1bn), and a 10% increase in total quarterly revenue to €8.29bn. The company's strong demand for business planning software led to its cloud revenue growth of 25% to €4.15bn. SAP also increased its 2025 adjusted operating profit expectation to €10.2bn from €10bn previously, reflecting anticipated efficiency gains from its ongoing transformation program.
July 22, 2024
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