SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock rose more than 6% in Frankfurt. That relief is the story. SAP’s shares are down about […]<br /> This story continues at The Next Web [...]
S&P Global has downgraded Oracle's credit rating to "BBB-," one notch above junk status. OpenAI accounts for roughly half of Oracle's $638 billion in contractual obligations. If OpenAI walked away, Oracle would be stuck with massive data center capacity it couldn't fill.<br /> The article S&P Global sees OpenAI as a "key credit risk" for Oracle and [...]