SAP's stock climbed 5% after reporting Q2 revenue of €9.88 billion, exceeding analyst expectations. The standout figure was a 22% increase in cloud revenue, highlighting the company's accelerating shift toward cloud services. Alongside this strong performance, SAP raised its profit outlook for the full year, signaling confidence in sustained growth.
SAP Shares Soar 5% Following Q2 Revenue and Cloud Growth Beat
SAP's shares jumped 5% after the company posted €9.88 billion in Q2 revenue, with cloud sales rising 22%. The firm also lifted its profit forecast for the year.
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