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

The Next Web

TechnologyThe Next Web·Jul 24, 2026·1 min read

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%…

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