SAP SE: Strengthening Partnership with IBM for Generative AI and Cloud Solutions

SAP SE’s Q2 2024 results show continued growth momentum despite the volatility in the software industry. More customers are moving to the cloud, and the company’s portfolio is becoming increasingly attractive, owing to its Business AI capabilities. Their Q2 performance was marked by substantial increases in profitability and the diligent execution of their transformation program. SAP’s Ambition 2025 has seen an upgrade of around €200 million on its bottom line. The company’s growth momentum was also evident at its Sapphire event, where customers and partners praised SAP’s innovative best-of-suite portfolio and its position in the market. Business AI is seen to be playing a crucial role in SAP’s success, impacting bookings and playing a key role in deals.