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

BENGALURU - SAP SE, the global leader in enterprise software, has announced a significant 25% increase in year-on-year revenue for the third quarter of fiscal year 2024, attributing this growth to a strong expansion in its Cloud services sector.

Recently, the executive and supervisory boards of SAP SE made their inaugural visit to India, marking a significant engagement with one of its key markets. During this visit, Muhammad Alam, who heads product engineering and serves on the executive board, sat down for an exclusive interview with Alayaran.com at SAP’s Bengaluru center. The discussion covered engineering advancements, the role of artificial intelligence (AI), and the importance of Indian talent in SAP's global strategy.

When asked about the recent changes to SAP’s executive board, including his own appointment, Alam commented, "If you look at our transformation to become a..."

This strategic shift in leadership and focus on technological innovation and talent development reflects SAP's commitment to not only maintaining but accelerating its growth trajectory in the dynamic tech landscape.

The visit also underscores SAP's ongoing investment in India, recognizing the country’s potential in driving global tech advancements and fostering innovation.

SAP SE’s robust performance in Q3 FY24, with a notable emphasis on cloud solutions, positions the company well in the competitive tech market, promising continued growth and innovation in the forthcoming quarters.