SAP Announces Q3 2023 Results
SAP News, Wednesday, October 18,2023
SAP SE announced its financial results for the third quarter ended September 30, 2023. Cloud revenue up 16% and up 23% at constant currencies..
'Our Q3 results are yet another proof point that we have entered the next phase of our transformation. We accelerated cloud growth across our portfolio and significantly expanded our cloud gross margins. Our strong focus on innovation, including our latest SAP Business AI capabilities, ensure SAP's continued resiliency in the face of tough macroeconomic conditions and increasing geopolitical tensions.'