Friday, 24 July, 2026
The High Price of Intelligence: SAP Trims Profit Target to Power AI Push
By TechShots Studio
SAP lowered its 2026 operating profit target to €11.8B–€12.2B due to the cost of recent AI acquisitions like Dremio and Prior Labs. Highlighting the heavy price of enterprise AI infrastructure, the move comes despite strong underlying growth, with second-quarter cloud revenue jumping 24% to €6.28B and its cloud target remaining intact.
Read full story at CIO ECONOMIC TIMES