Browsing Tag
Prior Labs
2 posts
SAP Q2 2026: Cloud backlog jumps 26% to €22.9bn as AI acquisitions dilute FY guide
SAP's Q2 cloud backlog surged 26% to €22.9bn, reversing a two-quarter slowdown, but Dremio and Prior Labs dilution just trimmed the 2026 profit guide.
SAP (NYSE: SAP) bets €1bn on Prior Labs and Dremio as enterprise AI strategy widens
SAP is spending over €1 billion to build a European frontier AI lab. The harder question is whether tabular models can outflank Microsoft and Snowflake.