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Business Data Cloud Becomes Anchor in SAP’s Top Enterprise Contracts

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SAP’s Business Data Cloud is cited in over 90% of the 50 largest enterprise contracts signed in Q2, shifting it from add-on to negotiation anchor. After its quarterly report, SAP trimmed 2026 non-IFRS operating profit guidance to €11.8–€12.2bn, citing €100m+ acquisition dilution, while keeping cloud revenue guidance at €25.8–€26.2bn. Analysts recalibrated targets and SAP continued share buybacks.

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