SAP quarterly revenue tops €10 billion as cloud growth exceeds expectations
SAP’s cloud products grew faster than expected, according to Bloomberg, which reported continued demand despite the artificial intelligence boom. SiliconANGLE reported that the German software company’s current cloud backlog increased by 26% and that SAP raised its revenue outlook for the full year alongside the quarterly results.
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Bloomberg SAP Cloud Growth Beats Forecast in Sign of Software’s Resilience · Christina Kyriasoglou
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