SAP cloud growth tops sales estimates

Quick Summary:

SAP SE reported fourth-quarter cloud sales that slightly beat analysts’ expectations, as Europe’s biggest technology company won customers with new artificial intelligence capabilities.

The company also named a suite of new executives and said it plans to simplify its strategy.

SAP has promoted AI business services to incentivize clients to shift from legacy on-site servers to IT infrastructure on the cloud, where average spending per client is higher.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesChinaGermany

Topics: Klein Officer Percent Technology Cloud Sap’s Company Strategy Billion Chief Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 12:22:18 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25576572

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 43 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #37

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