From SiliconANGLE · Mike Wheatley · · 1m
SAP's Record Revenue Boosts Cloud Backlog
SAP reports record quarterly revenue and 26% cloud backlog growth as autonomous enterprise strategy accelerates.
In brief
SAP reports record quarterly revenue and 26% cloud backlog growth as autonomous enterprise strategy accelerates. SAP delivered €10.27 billion in revenue and a 26% increase in cloud backlog, highlighting its autonomous enterprise strategy's success. Originally reported by SiliconANGLE.
SAP reports record quarterly revenue
SAP delivered record-breaking quarterly revenue of €10.27 billion, surpassing the €10 billion barrier for the first time.
26% cloud backlog growth
SAP's cloud backlog rose 26% to €24.11 billion, exceeding analysts' 24% to 25% forecast.
26% increase in cloud revenue
SAP's third-quarter cloud revenue increased 25% to €6.67 billion, driving cloud adoption.
Autonomous enterprise strategy
SAP's autonomous enterprise strategy, launched at Sapphire conference, uses AI agent Joule to connect to 70+ AI models.
AI drives cloud adoption
AI was the main driver behind customer moves to the cloud, with hundreds signing up for Joule subscriptions.
Full-year revenue outlook
SAP maintains full-year revenue outlook of €36.3 billion to €36.8 billion, up 12% to 13% from previous year.
What matters most
SAP delivered €10.27 billion in revenue and a 26% increase in cloud backlog, highlighting its autonomous enterprise strategy's success.
