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SAP Rocks Q3: Cloud Rev. + Backlog Accelerate as AI Kicks In
In today's Cloud Wars Minute, I discuss how Christian Klein is transforming SAP from an enterprise applications leader into an AI-powered cloud powerhouse.
Highlights
00:01 — We got some big numbers yesterday from SAP for Q3, and one of the highlights of this, I would say, we see acceleration in its cloud revenue growth, acceleration in its current cloud backlog growth, and also in its cloud ERP suite numbers. So, a powerful quarter for SAP across Q3, and you can really see the evidence here of SAP's ambitious AI strategy starting to kick in.
00:36 — Cloud revenue for Q3 is up 26% to $7.5…
The skinny
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