SAP delivered robust Q2 2024 results, with cloud revenue up 25% to €4.15 billion. Current cloud backlog grew 28% to €14.81 billion. Cloud ERP Suite revenue increased 33% to €3.41 billion.Operating profit (non-IFRS) rose 33% to €1.94 billion, driven by revenue growth and transformation program efficiencies. The company recorded €0.6 billion in restructuring expenses related to its 2024 transformation initiative. Free cash flow increased 114% to €1.3 billion.SAP reiterated its 2024 outlook and raised its 2025 non-IFRS operating profit target to €10.2 billion, reflecting anticipated benefits from the expanded transformation program. The company continues to expect accelerating revenue growth through 2027.

SAP delivered robust Q2 2024 results, with cloud revenue up 25% to €4.15 billion. Current cloud backlog grew 28% to €14.81 billion. Cloud ERP Suite revenue increased 33% to €3.41 billion.Operating profit (non-IFRS) rose 33% to €1.94 billion, driven by revenue growth and transformation program efficiencies. The company recorded €0.6 billion in restructuring expenses related to its 2024 transformation initiative. Free cash flow increased 114% to €1.3 billion.SAP reiterated its 2024 outlook and raised its 2025 non-IFRS operating profit target to €10.2 billion, reflecting anticipated benefits from the expanded transformation program. The company continues to expect accelerating revenue growth through 2027.