Sap announces q2 2024 results

Current cloud backlog of €14.8 billion, up 28%, both at nominal and constant currencies cloud revenue up 25%, underpinned by 33% cloud erp suite revenue growth, all at nominal and constant currencies total revenue up 10%, both at nominal and constant currencies ifrs cloud gross profit up 29%, non-ifrs cloud gross profit up 28% and up 29% at constant currencies ifrs operating profit down 11% due to restructuring expenses of €0.6 billion. non-ifrs operating profit up 33% and up 35% at constant currencies 2024 financial outlook reiterated.
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