HAMBURG — RIKAISO SE today reported results for the second quarter of 2026. Cloud revenue grew 24% year on year to €560 million, and total revenue rose 14% to €820 million. The current cloud backlog was up 21%, and the operating margin reached 27%. Free cash flow for the first half of the year was €410 million.
Growth was strongest in the Americas and Asia Pacific, where the company opened its Singapore hub to a second delivery team during the quarter. Management confirmed the full-year outlook of cloud revenue between €2.3 billion and €2.4 billion, and noted that the Dublin cloud operations centre will carry a growing share of European workloads from the fourth quarter.
"The mix keeps shifting towards cloud, and it is doing so without giving up margin," said Priya Raman, Chief Financial Officer at RIKAISO. "That is the balance we said we would hold this year, and we are holding it."