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SAP Cloud Growth Tops Estimates as Clients Seek AI Capabilities

SAP SE reported fourth-quarter cloud sales that slightly beat analysts’ expectations, as Europe’s biggest technology company won customers with new artificial intelligence capabilities. The company also named a suite of new executives and said it plans to simplify its strategy. Cloud revenue in constant currencies rose 27% from a year earlier to €4.71 billion ($4.9 billion), the Walldorf, Germany-based company said in a statementBloomberg Terminal on Tuesday. That compares with an average estima...

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