Business · Companies · 6 hrs ago
SAP reports strong cloud growth and sees top of forecast range in reach
SAP signed more cloud contracts than expected in the third quarter, despite difficult economic conditions.
The German software company said revenue expected over the next 12 months from existing cloud subscriptions rose 28% year on year to €24.1 billion.
Cloud software revenue increased 26% in the three months to the end of September.
SAP's total revenue rose 13% to €10.3 billion, while adjusted operating profit increased 18% to €3.03 billion.
Net profit grew 11% to €2.27 billion.
Chief executive Christian Klein said the top of SAP's cloud revenue forecast is in reach, but no revised forecast was given.
SAP reported third-quarter revenue of €10.3 billion, up 13% from a year earlier.
Cloud revenue rose 26% to €6.7 billion, while its 12-month Current Cloud Backlog increased 28% to €24.1 billion.
Adjusted operating profit rose 18% to €3.03 billion, and net profit increased 11% to €2.27 billion.
Chief Executive Christian Klein said the upper end of the company’s annual cloud revenue forecast was within reach.
Demand for cloud products was supported by existing customers moving to newer software and modernising their IT systems.
- Who
- SAP, the software company.
- What
- It reported higher third-quarter revenue, cloud sales and profit. Its chief executive said the upper end of the annual cloud revenue forecast was within reach.
- When
- The third quarter, covering the three months to the end of September. SAP reported the results on Wednesday evening, October 21, 2026.
- Where
- Walldorf, Germany, where SAP is based.
- Why
- The articles cite robust demand for cloud products and existing customers moving to newer software as factors supporting growth.
This story does not have two clearly opposing sides.
SAP recorded third-quarter revenue of €10.3 billion, up 13% year on year.
SAP announced its third-quarter results after US markets closed.
SAP’s share price initially rose to as much as €214 in after-hours trading.
- Third-quarter revenue
- €10.3 billion, up 13%
- Cloud revenue
- €6.7 billion, up 26%
- Current Cloud Backlog
- €24.1 billion, up 28%
- Adjusted operating profit
- €3.03 billion, up 18%
- Net profit
- €2.27 billion, up 11%
2 sources
What people are saying
excellent third quarter
disciplined cost management and continued growth momentum in the cloud