SAP advanced its plans for developer tools, SAP Build, the Joule roadmap and connecting to a broader ecosystem including a partnership with Snowflake.
SAP delivered third quarter revenue growth of 7% with cloud sales up 22%. The company said its 2025 cloud revenue will be at the lower end of its range of €21.6 billion to €21.9 billion.
IBM said it will acquire SAP S/4 HANA services specialist Cognitus in a deal that will expand its SAP AI-driven industry services.
SAP said it has launched its sovereign cloud offerings on AWS European Sovereign Cloud and inked a deal that brings OpenAI to Germany's public sector customers.
SAP is making progress with its cloud and AI strategy with customers as enterprises are allocating more budget to S/4HANA Cloud.
The company also said its current cloud backlog growth in constant currencies will slightly decelerate in 2025. In the second quarter, current cloud backlog was €18.05 billion, up 22% from a year ago.
Clorox said the SAP overhaul is more than just an upgrade and about process and digital transformation. The company is also overhauling its data infrastructure to be more efficient in the future.
