July 24, 2026

SAP’s cloud is still booming, and that was enough to calm the AI-doom fears

brown wooden 9-piece office table and chairs — S O C I A L . C U T / Unsplash

SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock ros...