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SAP shares hit an all-time high due to a 27% cloud revenue increase in Q3, driven by AI demand.
SAP's shares hit an all-time high following a robust third-quarter performance, with cloud revenue rising 27% to €4.35 billion, largely driven by demand for AI.
The company increased its full-year cloud and software revenue forecast to €29.5-€29.8 billion and projected operating profit for 2024 at €7.8-€8 billion.
SAP's strong results reflect healthy enterprise IT spending, benefiting the wider software market.
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Las acciones de SAP alcanzaron un máximo histórico debido a un aumento del 27% de los ingresos en la nube en Q3, impulsado por la demanda de IA.