SAP Cloud Revenue Matches Estimates as AI Adoption Fuels Demand
Bloomberg.com - 2024-04-22T20:12:05.733Z

SAP SE reported first-quarter cloud revenue in line with analysts, as a boom in demand for artificial intelligence fueled the German software company’s growth.

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AI fuels cloud computing boom for tech giants
Performance was consistent at Microsoft's Azure and Google Cloud, which grew above expectations at 31 percent and 28 percent, respectively, in the first three months of the year
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In related news

SAP Cloud Revenue Meets Estimate as AI Adoption Fuels Demand

Super Micro forecasts quarterly revenue above estimates as AI powers server demand

AI fuels cloud computing boom for tech giants