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SAP Q2 cloud revenue up 22%, shares jump
SAP reported Q2 cloud revenue of €6.28 billion, up 22%, with cloud backlog rising 26% to €22.9 billion. Operating profit reached €2.74 billion but missed expectations. The company trimmed its 2026 profit outlook to €11.8-12.2 billion after acquiring Dremio and Prior Labs. Shares rose over 6% in Frankfurt.
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