SAP’s Q3 net profit adds 23% to US$1.04b
Business management software company SAP AG says net profit rose 23 percent in the third quarter as its cloud computing business grew rapidly and the company kept down costs by holding down hiring of new employees.
The Germany-based company’s net profit rose to 762 million euros (US$1.04 billion). Revenues grew 2 percent to 4.05 billion euros.
Cloud computing revenues more than tripled to 191 million euros from 63 million euros. In cloud computing, companies access software on SAP’s computers over the Internet rather than having it installed and maintained on-site — saving them money.
SAP News
SAP Leaders Redefine the Digital Sovereignty Debate
The debate over digital sovereignty has widened.Connected for Growth: What’s New with SAP Customer Experience in Q2 2025
New innovations help deliver more intelligent, connected experiences at every touchpoint.Merrifield Garden Center Nurtures Omnichannel Innovation
A cornerstone of northern Virginia’s horticultural community, Merrifield is modernizing its retail operations with the help of SAP and Syntax.Groups
© 2025 Created by Maisam Agha.
Powered by
