SAP SE Reports Robust Growth in Q3 FY24, Highlights AI and Talent in India
Bengaluru, October 15, 2023 - SAP SE, a leading global software corporation, has announced a significant 25% year-on-year revenue increase in the third quarter of fiscal year 2024, primarily fueled by the expansion of its Cloud services. This growth comes as the company's executive and supervisory boards made their inaugural visit to India.
During the visit, Muhammad Alam, head of product engineering and a recent addition to SAP's executive board, engaged in a discussion with Shivani Shinde at the company’s Bengaluru center. The conversation focused on SAP’s strategic engineering moves, advancements in artificial intelligence (AI), and the pivotal role of Indian talent in the company’s global operations.
Alam, reflecting on his integration into the executive board, stated, "The transformation towards becoming a cloud-first company has been significant. My role has been instrumental in aligning our engineering strategies with this vision, enhancing our focus on AI and machine learning, which are becoming central to our service offerings."
The visit underscores SAP's commitment to India, not only as a market but as a hub for innovation and talent. "India plays a crucial role in our global strategy," Alam added. "The talent here is not just contributing to our local operations but significantly influencing our worldwide product development."
SAP's focus on AI is evident from its latest initiatives, which include integrating AI to enhance customer experiences and operational efficiencies across its platforms. The company aims to leverage AI to provide more personalized, efficient, and scalable solutions to its clients worldwide.
This strategic direction is part of SAP's broader transformation journey, aiming to cement its position as a leader in enterprise software solutions, particularly in cloud computing and AI technologies.
As SAP continues to grow, its focus on innovation, AI, and tapping into global talent pools like India will likely play a critical role in shaping the future of enterprise software solutions globally.