SAP posts record quarter as revenue tops €10 billion

SAP reported a record third quarter with total revenue up 13% year-on-year to €10.27 billion and net income of €2.27 billion. Cloud revenue rose 26% to €6.67 billion, cloud backlog grew 26% to €24.11 billion, and operating profit climbed 18% to more than €3 billion.

• Revenue €10.27 billion, up 13% year-on-year
• Cloud revenue €6.67 billion, up 26%
• Cloud backlog €24.11 billion, up 26%
• Operating profit above €3 billion, up 18%