SAP reports Q2 cloud revenue of €4.15B, up 25% YoY, revenue of €8.29B, up 10% YoY, net profits of €918M, and says a “restructuring” will affect ~10,000 jobs (Larry Dignan/Constellation Research)

Larry Dignan / Constellation Research:
SAP reports Q2 cloud revenue of €4.15B, up 25% YoY, revenue of €8.29B, up 10% YoY, net profits of €918M, and says a “restructuring” will affect ~10,000 jobs  —  SAP in the second quarter said its cloud revenue was up 25% and CEO Christian Klein said its Business AI efforts are “enabling many deals.”