Earnings Edge

Earnings Edge

What is this, a Cloud Backlog for Ants? $SAP 2Q'25 Consensus Earnings Recap

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Consensus Media
Jul 22, 2025
∙ Paid

Modest revenue shortfalls, an in-line gross margin, and a relatively weak Cloud backlog. Constant currency guidance remains unchanged, however, but we likely needed upside to hold current valuation:

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