SAP reports a €22.9 billion cloud backlog
SAP reports 27% growth in current cloud backlog for its second quarter.
Source finding
SAP reports 27% growth in current cloud backlog for its second quarter. Backlog is contracted future business, not cash already collected.
Our analysis
Cloud commitments help assess demand; execution and recognised revenue still matter.
What remains uncertain
Company-reported backlog does not establish current share-price returns.