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SAP's Resilient Strong Start
- SAP's Q1 results showed strong resilience with a 29% increase in cloud backlog and 86% recurring revenue share.
- Operating profit rose by 58%, supported by AI-driven software coding and delivery improvements.
SAP Supports U.S. Tariff Management
- Christian Klein shared his recent U.S. visit where customers need SAP software to manage tariffs in over 130 countries.
- These customers rely on SAP to enhance supply chain resilience amid trade tensions.
No U.S. Spending Pullback Seen
- SAP is experiencing no pullback in U.S. customer spending despite economic pressures.
- Customers increasingly seek AI to boost productivity and automate back office tasks.