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Fast rising cloud subscription revenues caught SAP by surprise, up 39% as cloud continues to push out traditional software faster than expected.
SAP's cloud subscription revenue is now 40% larger than software license revenue.
The company's Q3 results also showed that customers in the Americas and parts of EMEA were moving quicker than expected to cloud and hybrid models.
"Our growth drivers are firing on all cylinders, especially SAP C/4HANA and SAP S/4HANA as foundations of the Intelligent Enterprise," stated CEO Bill McDermott. "With a stronger than ever Q4 pipeline we have confidently raised our full year guidance."
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