SAP Stock Climbs After Mixed Q3 Results: EPS Beat, Revenues Miss

Quick Summary:

Quarterly revenue came in at $9.16 billion, slightly below the consensus estimate of $9.17 billion.  SAP reported a current cloud backlog of $16.66 billion, up 25% and up 29% at constant currencies.

SAP SE (NYSE:SAP) shares are trading higher after the company reported its third-quarter financial results after Monday's closing bell.

Here's a look at the details from the report. 

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Article Details

Author / Journalist: Erica Kollmann

Category: Technology

Markets: United States

Topics: Benzinga News Artificial intelligence Tech US8030542042 Global Movers Earnings SAP AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 20:39:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 232 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 23174201

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

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Year Established: 2010

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Publisher ID: #53

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