Tuesday, January 28, 2025

SAP reports Q4 cloud revenue up 27% YoY to €4.71B, above €4.68B est., driven by AI demand, names a suite of new executives, and plans to simplify its strategy (Christina Kyriasoglou/Bloomberg)

Christina Kyriasoglou / Bloomberg:
SAP reports Q4 cloud revenue up 27% YoY to €4.71B, above €4.68B est., driven by AI demand, names a suite of new executives, and plans to simplify its strategy  —  - Cloud revenue grew 27% last quarter from a year earlier  — The company named new marketing, technology leadership



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Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...