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SAP Sees Cloud Revenue on Track for $30 Billion in 2026

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SAP reported Q2 cloud revenue up 24% to $7.2 billion and a current cloud backlog up 26% to $26.3 billion. The company expects calendar 2026 cloud revenue to reach $30 billion, driven by expanded partner and indirect channels. SAP also highlighted growth in Cloud ERP Suite, up 27% to $6.4 billion, as part of its go-to-market overhaul for AI-era deployments.

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