SAP exceeds expectations thanks to AI offensive and raises cloud forecast
Reading Time: 3 minutes
SAP SE reported cloud revenues in Q4 that slightly exceeded analysts' expectations. Europe's largest technology company managed to impress customers with new AI features and benefited from the growing demand for cloud and AI-based solutions. Cloud revenue grows by 27% Adjusted for currency effects, cloud revenue increased by 27% year-on-year to €4.71 billion ($4.9 billion), as the company based in Walldorf announced on Tuesday. This surpasses SAP's average analyst estimate of €4.68 billion as surveyed by Bloomberg. Overall, group revenues...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
