SAP SE (SAP) Stock: Drops as Cloud ERP Revenue Soars 25% and Free Cash Flow Reaches €3 Billion

TLDR SAP stock falls despite strong Q2 cloud revenue and earnings growth. Cloud ERP revenue jumps 25% as cloud backlog reaches €22.9 billion. Free cash flow climbs 27% to €3 billion in the second quarter. Total revenue rises 9% as cloud business offsets software declines. SAP updates 2026 outlook after Dremio and Prior Labs acquisitions. [...]

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