SAP’s cloud is still booming, and that was enough to calm the AI-doom fears

Source: The Next Web· Cristian Dina· July 24, 2026

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 th…

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