SAP's Q2 Earnings & Revenues Increase Y/Y on Cloud Momentum

SAP SE (SAP) reported second-quarter 2024 non-IFRS earnings of €1.10 ( $1.18) per share, climbing 59% from the year-ago quarter’s levels. The Zacks Consensus Estimate was pegged at$ 1.01.Powered by resilient performance in the cloud business, SAP reported total revenues on a non-IFRS basis of €8.288 billion ( $8,921.3 million), which rose 10% year over year both at nominal and constant currencies (cc) basis. The Zacks Consensus Estimate was pegged at$ 8,864.7 million.SAP’s transformation program remains a cor ...