Tag: Cloud business

SAP, one of the world's leading software providers, reported strong quarterly earnings this Friday, driven by strong growth in its cloud offerings. However, SAP downgraded its outlook for the year due to the divestment of its Qualtrics unit, but promised to keep maintain the same number of employees. To bolster its product line, the tech behemoth is incorporating the cutting-edge AI technologies of ChatGPT into its services, in a bid to increase revenue.

SAP is an international leader of business software solutions, helping companies to digitally transform and embrace intelligent technologies. Led by CEO Christian Klein, their first quarter revenue has exceeded analyst expectations and their cloud business has seen a 24% growth. SAP is also working with OpenAI's ChatGPT, providing AI based solutions and building over 50 use cases for customers.

. SAP, one of the leading software makers, reported better-than-expected first quarter revenue growth despite the anticipated economic slump. The company attributes the growth to its cloud business, cost-cutting and AI use cases such as OpenAI's chatbot ChatGPT. SAP is led by Christian Klein, who has successfully steered the company in difficult times. The company's plans for improving its products and increasing customer safety are promising.