Strong Cloud Revenue Growth
Cloud revenue increased by 28% year-on-year, driven by the Cloud ERP Suite, which grew by 34% in Q2. Current cloud backlog reached EUR 18.1 billion, up 28%.
Operating Profit Surge
Non-IFRS operating profit increased by 35% to EUR 2.6 billion, showcasing strong margin expansion and effective cost management.
Record Free Cash Flow
Free cash flow increased by 83% to EUR 2.4 billion, supported by higher profitability and positive working capital developments.
Strategic Partnerships and Customer Wins
Key partnerships and customer wins included Alibaba, GSK, Balmain, Replay, BMW, and L'Oreal, highlighting SAP's diverse portfolio and strong market presence.
AI and Innovation Initiatives
SAP's AI initiatives are driving productivity, with internal use cases leading to significant efficiency gains. The company plans to release a total of 40 AI agents by the end of the year.