SAP cloud bookings surge 30% as AI demand lifts backlog to record €77 billion

SAP kicked off 2026 with a strong signal that enterprise cloud demand is far from slowing. In its Q4 and full-year results released in January 2026, the German software giant reported a 30% jump in cloud bookings, driven largely by rising interest in AI-powered business tools. Even more striking, SAP’s cloud backlog climbed to a record €77 billion, giving the company rare visibility into future revenue.