AI CapabilitiesWith the launch of Business Data Cloud (BDC), SAP is aiming to position itself as a core provider of AI agents, enabling customers to extract insights from both SAP and third party data via a partnership with Databricks.
Cloud GrowthCloud growth analysis supports low teens group revenue growth profile with further upside to street expectations on upsell including from AI.
Cloud MigrationThe migration of a large base of legacy ERP maintenance customers to RISE with SAP could result in significant additional cloud revenue.