Strong Cloud Revenue Growth
Cloud revenue rose by 27% in Q3, marking the fifth consecutive quarter of over 25% growth and a solid cloud gross margin of about 75%.
Increase in Operating Profit
Operating profit increased by 19%, despite a negative impact of around EUR 200 million from tax litigation provisions and workforce transformation costs.
Major Contracts and Customer Wins
SAP secured contracts with major companies such as Alphabet, Ericsson, Lufthansa, and the United States Army. These contracts included cloud ERP and AI solutions.
Positive AI Integration and Adoption
AI is becoming a key growth enabler, with companies like Wärtsilä and CHS leveraging SAP's AI for significant efficiency gains.
Successful U.S. Public Sector Engagement
SAP NS2 secured a major framework contract with the U.S. government, which includes orders from the United States Army.