SAP reported strong Q3 earnings, raising its full-year outlook for cloud and software revenue, operating profit, and free cash flow. Despite a challenging economy in Germany, SAP's strategic shift towards AI has driven growth, with cloud revenue increasing significantly. CEO Christian Klein highlighted impressive growth in cloud revenue and advancements in Business AI. The company plans to cut jobs to support its AI strategy while facing restructuring costs. SAP's cloud backlog reached €15.4bn, and overall revenue grew by 9.4% year-on-year. Teljes cikk (Euronews.com)