SAP CEO Christian Klein reorganized product and engineering leadership on July 1, 2026, taking direct control of the Autonomous Suite and Business AI Platform as the world’s largest enterprise software company accelerates its "Autonomous Enterprise" strategy. Chief Product Officer Muhammad Alam, who previously managed the products, is scheduled to leave SAP in March 2027, while COO Sebastian Steinhäuser will oversee industrial AI. Klein said SAP’s new platform, introduced at the May 2026 Sapphire conference and already being tested by customers, will become generally available in the fall and allow customers to build agents using any large language model, supported by a broad context layer. The strategy comes as SAP faces investor concern over slowing cloud momentum, acquisitions, cost reductions and competition from Microsoft, Google, Salesforce and AI-native startups. In the second quarter, sales rose 9% year over year to 9.88 billion euros ($10.8 billion), cloud sales increased 22% and cloud backlog grew 27%; SAP also reported a 30% increase in cloud backlog to $88 billion during a separate recent performance period and modestly reduced its full-year 2026 main operating profit guidance after several acquisitions. Shares were down 13% year to date while the S&P 500 gained 12%.