Report
SAP's third-quarter revenue tops €10 billion for the first time
SiliconANGLE reports cloud revenue rose 25% to €6.67 billion, while current cloud backlog grew 26% to €24.11 billion.
TLDR
SiliconANGLE reports SAP posted €10.27 billion in third-quarter revenue, beating analysts' €10.10 billion estimate. Cloud revenue rose 25% to €6.67 billion, and current cloud backlog increased 26% to €24.11 billion. CEO Christian Klein said AI was the main driver behind customers' move to the cloud that quarter and that hundreds signed up for new subscriptions to access SAP's Joule AI agent.
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