Morgan Stanley says the setup for SAP’s fourth-quarter results appears more favorable than investor sentiment suggests, with new channel checks pointing to potential upside in cloud backlog growth.
SAP Q4 revenue rose to $10B, beating estimates, with cloud revenue up 27% and a 32% increase in cloud backlog. CEO highlights SAP's strong position in AI and data, projecting 26%-28% YoY cloud revenue ...
16:11 EDT SAP (SAP) reports current cloud backlog of EUR 15.4B, up 25% and up 29% at CC Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> ...
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