Reported about 1 month ago
SAP SE's shares rose as the company's cloud revenue grew 25% in Q3, reaching €4.35 billion, while also raising its 2024 financial outlook. The company is shifting focus to AI-driven services, with 30% of cloud deals in Q3 featuring AI use cases. Despite facing internal restructuring and leadership turnover, SAP remains resilient amidst a slowing German economy.
Source: YAHOO