SAP (SAP.US) Q3 revenue surpasses €10 billion for the first time; full-year cloud business revenue expected to reach the upper end of guidance range

According to Zhicheng Finance APP, German software giant SAP SE (SAP.US) reached a milestone in the third quarter with its quarterly revenue surpassing 10 billion euros for the first time. Cloud business growth exceeded expectations, indicating that the artificial intelligence (AI) boom has not dampened market demand for its products. The company also expects its full-year cloud business revenue to reach the high end of its previous guidance range. As of press time, SAP's U.S. shares rose more than 2% in after-hours trading on Wednesday.