SAP Reports 25% Revenue Surge in Q3 FY24, Credits Cloud Expansion

Bengaluru, October 10, 2023 - SAP SE, the global software leader, announced a significant 25% year-on-year revenue increase in the third quarter of fiscal year 2024, largely attributed to the expansion of its Cloud services. This growth comes as the company's executive and supervisory boards made their inaugural visit to India.

During their visit, Muhammad Alam, head of product engineering and a member of SAP's executive board, engaged in a discussion with Alayaran.com at the company's facility in Bengaluru. The conversation shed light on SAP's strategic shifts, the integration of artificial intelligence, and the pivotal role of Indian talent in its operations.

Board Restructuring and Its Impact

Alam, reflecting on his recent integration into the executive board, discussed the transformation SAP is undergoing. "If you look at our transformation to become a..." he began, highlighting the strategic directions and the impact of board restructuring on the company's agility and innovation capabilities.

This visit and Alam's insights underscore SAP's commitment to leveraging India's tech talent and expanding its footprint in the region, aligning with its global growth strategy centered around cloud computing and AI technologies.