FinanceBloomberg Techabout 2 hours ago
SAP Cloud Revenue Surges 25% in Q3
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SAP SE reported third-quarter cloud revenue of €6.67 billion, beating analyst estimates of €6.57 billion by 25% in constant currencies. Total revenue rose 12% to €10.27 billion, while the current cloud backlog climbed 26% to €24.1 billion. This growth indicates AI demand has not hurt the German software maker.
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