FILE PHOTO: A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo
22 Oct 2026 04:22AM
Oct 21 : Europe's largest tech company SAP on Wednesday reported a 26 per cent rise in current cloud backlog at constant currencies to €24.14 billion ($27.11 billion), ahead of the 24-25 per cent growth UBS had forecast, and said full-year cloud and cloud and software revenue would come in at the upper end of its outlook ranges.
Cloud revenue rose 26 per cent to €6.67 billion in the third quarter and non-IFRS operating profit rose 18 per cent to €3.03 billion. SAP kept its yearly operating profit outlook of €11.8 billion to €12.2 billion at constant currencies.
($1 = 0.8903 euros)
Source: Reuters