SAP (SAP) shares climbed 7% during early market action on Friday following the German-based enterprise software firm’s second quarter results, which featured significant cloud growth.
However, analysts warn SAP’s guidance hinges on a de-escalation in conflict in the Middle East, where the company To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser
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SAP reported significant cloud revenue growth, beating expectations and supporting retention of ambitious multi-year cloud revenue targets. AI integrations have led to ~30% productivity gains among SAP developers, allowing hiring freezes for some roles and boosting operational efficiency