XTRA:SAPSoftware
Should SAP’s (XTRA:SAP) Lowered Cloud Revenue Outlook Alter Investor Expectations for Its Subscription Shift?
Earlier this week, SAP SE reported third quarter 2025 results, highlighting revenue growth to €9.08 billion and net income of €2.0 billion, while updating its full-year 2025 guidance to reflect cloud revenue expectations near the lower end of its outlook range.
The announcement also revealed that cloud-related contracts now represent over 85% of new bookings, reinforcing SAP’s accelerating shift from legacy software to a cloud-first model with robust momentum in AI-enriched business...