IBM Q3 revenue rises 5% to $17.1 billion
Oct 21, 2026
Enterprise
SAP Q3 revenue passes €10 billion as cloud sales rise 26%
Oct 21, 2026
SAP reported third quarter revenue of €10.27 billion, up 13% from a year earlier, while cloud revenue increased 26% to €6.67 billion. Current cloud backlog reached €24.14 billion.
SAP reported in its quarterly statement that third quarter revenue rose 13% from a year earlier to €10.27 billion. Cloud revenue increased 26% to €6.67 billion, while Cloud ERP Suite revenue grew 29%.
Current cloud backlog reached €24.14 billion, up 28%, or 26% at constant currencies. SAP said customers adopted its Business AI and Joule products alongside cloud and data services during the quarter.
Operating profit increased 18% to €2.93 billion, while profit after tax rose 11% to €2.27 billion. SAP now expects 2026 cloud revenue and cloud and software revenue to reach the upper ends of their respective outlook ranges of €25.8 billion to €26.2 billion and €36.3 billion to €36.8 billion at constant currencies.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Silicon Brief, Enterprise AI Brief or Daily AI Brief.
Also, consider following us on social media:
More from Data Centers
Oct 21 SpaceX Q3 revenue doubles to $14.58 billion as AI compute rental brings in $7.6 billion Oct 21 Lam Research Posts Record $8.22 Billion Revenue as AI Chip Demand Rises Oct 21 Texas Instruments Q3 revenue rises 28% to $6.06 billion Oct 21 Meta Q3 revenue rises 26% to $64.6 billion as it adds non-voting Class C stock Oct 21 NVIDIA Expands Chip Packaging and Testing CapacityMore from Enterprise
Oct 21 Navantia and Multiverse Computing Partner on Naval Defense AI Oct 21 ServiceNow Expands NVIDIA Partnership for AI Agent Security Oct 21 IBM Q3 revenue rises 5% to $17.1 billion Oct 21 evolv Consulting Names Matt Gennone CEO Oct 21 Moov AI and Nurun Combine as MOOV Under Publicis CanadaFree newsletter
AI Funding Brief
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
The Hackett Group
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
HCLTech Advanced AI Revenue Reaches $219 Million in Second Quarter
Oct 13, 2026
Partnerships
ASML Reports Record €11.7 Billion Sales as AI Demand Strains Supply
Oct 14, 2026
Chips
European Tech Funding Reaches €27.8 Billion in Q3
Oct 21, 2026
Funding
Persistent Systems Q2 Revenue Rises 20% to $487.6 Million
Oct 15, 2026
Acquisitions
Texas Instruments Q3 revenue rises 28% to $6.06 billion
Oct 21, 2026
Chips
Free, six days a week
Daily AI Brief: the AI news that matters, in your inbox.