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