SAP (SAP.US) Q3 revenue exceeds 10 billion mark for the first time; full-year cloud business revenue expected to reach the high end of the guidance range.

Zhitong Finance APP has learned that German software giant SAP SE (SAP.US) achieved a milestone in the third quarter as quarterly revenue exceeded EUR 10 billion for the first time, with cloud business growth exceeding expectations, indicating that the artificial intelligence (AI) boom has not weakened market demand for its products. The company also expects full-year cloud business revenue to reach the high end of its previous guidance range. As of press time, SAP rose more than 2% in after-hours U.S. trading on Wednesday.