Reports Q2 revenue EUR 9.03B vs. EUR 8.29B last year. Christian Klein, CEO: “We have delivered yet another quarter of outstanding results. AI innovations such as Joule becoming available ‘everywhere and for everything’ and SAP (SAP) Business Data Cloud as a powerful accelerator of AI make our portfolio ever stronger. Enterprise operations are about to enter a new era, and SAP is best positioned to benefit from that evolution.” Dominik Asam, CFO: “We achieved a very good Q2, with accelerating total revenue growth, strong profitability and free cash flow. Our performance was supported by continued customer demand and disciplined cost control. As we move into the second half, we remain cautiously optimistic, keeping a close eye on geopolitical developments and public sector trends.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAP:
- What’s Ahead for Salesforce (NYSE:CRM) as Stock Drops 21% YTD
- SAP’s Strong Market Position and Cloud Momentum Drive Buy Recommendation Despite Macroeconomic Challenges
- SAP SE: Strong Cloud Migration Position and Growth Prospects Amid Macroeconomic Challenges
- Piper Sandler Hikes Its Price Target on Oracle Stock (ORCL) by 42%
- SAP SE: Strong Growth Potential and Financial Health Drive Buy Rating