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SAP is a critical enterprise software provider, now reaching a tipping point in its cloud transition, unlocking superior growth and business model benefits. Cloud revenues surpassed non-cloud for the first time in 2024, accelerating double-digit growth and driving operational leverage through upsell, cross-sell, and cost efficiencies. SAP's deep enterprise integration and data position it as a top AI applications play, with AI acting as a revenue accelerator and value enhancer for its offerings.
