SAP reports Q2 adjusted cont ops EPS EUR 1.10 vs. EUR 0.69 last year

Reports Q2 revenue EUR 8.29B vs. EUR 7.55B last year. Dominik Asam, CFO: “We are staying squarely focused on delivering our outlook for this year. Our current cloud backlog growth during the second half of 2024, and especially in Q4 will be decisive to lay a solid foundation for our cloud revenue ambition for 2025. At the same time, we’ll continue to execute against our transformation plan to achieve our 2025 free cash flow ambition despite a mid-triple-digit million cash out for restructuring spilling into next year.”