SAP cloud revenue beats forecasts as it lifts 2026 sales outlook to top of range

Bloomberg reports SAP’s third-quarter cloud revenue rose 25% in constant currencies to €6.67 billion, beating the average analyst forecast. The Straits Times, carrying a Reuters report, says SAP reached €10 billion in total quarterly revenue for the first time and now expects 2026 revenue at the top of its previous range. SAP CEO Christian Klein said AI was the main driver behind customers’ move to the cloud.