SAP Q2 Cloud Revenue Rises 24% to €6.28B as Autonomous-Enterprise Push Puts AI in More Than 90% of Top Deals

SAP reported Q2 total revenue up ~11% to €9.88B and cloud revenue up 24% to €6.28B on July 23, with current cloud backlog climbing 26% to €22.9B. SAP said its Autonomous Enterprise strategy is landing in the pipeline, with more than 90% of top deals embedding AI, while it trimmed non-IFRS operating-profit guidance to €11.8–12.2B due to M&A-related dilution.