🔹 Non-IFRS Revenue: €9.08B (Est. €9.09B) 🔴; UP +7% YoY
🔹 Non-IFRS Cloud & Software: €8.02B (Est. €8.06B) 🔴; UP +8% YoY
🔹 Non-IFRS Cloud: €5.29B (Est. €5.33B) 🔴; UP +22% YoY
FY25 Guidance
🔹 Non-IFRS Cloud Revenue: €21.6B–€21.9B (now guiding to lower end) 🔴
🔹 Non-IFRS Operating Profit: €10.3B–€10.6B (toward upper end)
🔹 Free Cash Flow: €8.0B–€8.2B (prior ~€8.0B)
🔹 Cloud & Software Revenue (cc): €33.1B–€33.6B; +11% to +13% (cc)
Q3 Segment
🔹 Cloud ERP Suite Revenue: €4.59B; UP +26% YoY (+31% cc)
🔹 SaaS/PaaS Revenue: €5.21B; UP +23% YoY (+28% cc)
🔹 IaaS Revenue: €78M; DOWN -34% YoY (-31% cc)
🔹 Services Revenue: €1.06B; UP +2% YoY (+6% cc)
Other Metrics
🔹 Current Cloud Backlog: €18.8B; UP +23% YoY (+27% cc)
🔹 Non-IFRS Operating Profit: €2.57B; UP +14% YoY (+19% cc)
🔹 Non-IFRS Operating Margin: 28.3%; UP +180 bps YoY
🔹 Non-IFRS Cloud Gross Margin: 75.1%; UP +130 bps YoY
🔹 Share of More Predictable Revenue: 87%; UP +2 pp YoY
🔹 Free Cash Flow: €1.27B; UP +5% YoY
🔹 EPS (Non-IFRS, Basic): €1.59; UP +29% YoY
CEO / CFO Commentary
🔸 “We delivered strong cloud growth of 27% at constant currency, with customers adopting Business Data Cloud and AI at pace. Our Q4 pipeline supports our 2026 acceleration ambition.” — Christian Klein, CEO
🔸 “Disciplined execution drove double-digit profit growth and strong free cash flow, supporting an improved outlook for operating profit and FCF.” — Dominik Asam, CFO