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SAP Q2 Backlog +26% as Ecosystem Becomes Revenue Driver
In today's Cloud Wars Minute, I examine why SAP's biggest competitive challenge may soon come from OpenAI and Anthropic rather than traditional enterprise software rivals.
Highlights
00:00 — SAP released its Q2 numbers last week, and a couple of interesting things happened there. First of all, strong Q2 cloud revenue growth, 24%. But even higher than that was its backlog growth, which went up 26%. CEO Christian Klein tied that specifically to the company's transformation, started about two years ago, to shift more and more of the sales effort from the direct channel to the indirect channel…
The skinny
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