Artificial Intelligence IntegrationOver half of new cloud order entry in Q4 included SAP's Business AI, benefiting from accelerated conversion into revenues due to its consumption-based model.
Cloud Revenue GrowthCloud revenue guidance for 2025 was upgraded to €21.6bn - €21.9bn, indicating strong growth expectations.
Margin PerformanceFourth-quarter operating margin of 26.0% outperformed the Street at 24.5%, with expectations of strong margin leverage ahead.