Exponential Learning
SAP Q3 2026: The €10 Billion Quarter — AI Is Driving the Cloud Migration
16:45
SAP crossed €10B in quarterly revenue for the first time as cloud revenue grew 26% and current cloud backlog rose 26% at constant currencies to €24.1B, ahead of expectations. Non-IFRS operating profit rose 18% to €3.03B with the margin widening to 29.5%, and free cash flow jumped 36%. SAP moved full-year cloud revenue expectations to the upper end of its range while holding its €11.8–12.2B…