SAP’s cloud is still booming, and that was enough to calm the AI-doom fears
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 rose more than 6% in Frankfurt. That relief is the story. SAP’s shares are down about […] This story continues at The Next Web
Record details
Published: 24 July 2026
Source: The Next Web AI
Category: News
Topics: Finance, VC & PE
Retrieved: 25 July 2026
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ethics.ai (24 July 2026), “SAP’s cloud is still booming, and that was enough to calm the AI-doom fears,” evidence record 13285, https://ethics.ai/record/13285 (originally published by The Next Web AI).
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