TechBloomberg1h ago
SAP: Q3 cloud revenue up 25% YoY
SAP: Q3 cloud revenue up 25% YoY to €6.67B, vs. €6.57B est., total revenue up 12% to €10.27B, current cloud backlog up 26% to €24.1B, all in constant currencies
TL;DRSAP's cloud revenue beat expectations with 25% growth, signaling strong enterprise software demand.
Why it matters: Cloud momentum validates SAP's business pivot and suggests sustained AI/SaaS spending from enterprises.
SAP SE reported higher growth for its cloud products than anticipated in a sign that the boom …
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