SAP third-quarter profit rises 12% on strong cloud demand

Core Insights - German software maker SAP reported a 12% rise in third-quarter profit, driven by strong demand for cloud services [1] Company Performance - The increase in profit is attributed to robust cloud demand, indicating a positive trend in SAP's cloud business [1] Industry Trends - The strong performance in the cloud segment reflects a broader industry trend towards digital transformation and increased reliance on cloud solutions [1]