{
  "id": 15963074,
  "title": "SAP: Q3 cloud revenue up 25% YoY to €6.67B, vs. €6.57B est., total revenue up 12% to €10.27B, current cloud backlog up 26% to €24.1B, all in constant currencies (Christina Kyriasoglou/Bloomberg)",
  "url": "https://urgent.news/2026/10/21/sap-q3-cloud-revenue-up-25-yoy-to-6-67b-vs-6-57b-est-total-revenue-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T22:35:02.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.bloomberg.com/news/articles/2026-10-21/sap-cloud-growth-beats-forecast-in-sign-of-software-s-resilience"
  },
  "original_language": "en",
  "account": null,
  "summary": "SAP achieved a quarterly revenue milestone of €10 billion for the first time on Wednesday. According to Techmeme, cloud revenue rose 25% year-over-year to €6.67 billion, exceeding an estimate of €6.57 billion. CNA - Business reported that cloud revenue rose 26% to €6.67 billion during the third quarter, while non-IFRS operating profit increased 18% to €3.03 billion.\n\nThe company's current cloud backlog grew by 26% to €24.14 billion at constant currencies, which CNA - Business notes was ahead of the 24% to 25% growth forecasted by UBS. SAP has moved its 2026 revenue expectations to the upper end of its outlook range. It expects 2026 subscription revenue to reach the top of its €25.8 billion to €26.2 billion forecast, representing an increase of 23% to 25%. Including its classic license business, the company sees total revenue of €36.3 billion to €36.8 billion.\n\nSAP maintained its yearly operating profit outlook of €11.8 billion to €12.2 billion at constant currencies. CNA - Business describes the company's order book as a gauge of global enterprise tech spending.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Germany's SAP lifts 2026 revenue expectations to top of range after backlog beat",
        "url": "https://urgent.news/2026/10/21/germanys-sap-lifts-2026-revenue-expectations-to-top-of-range-after",
        "published": "2026-10-21T20:22:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}