SAP SE reported robust financial results for the third quarter of 2024, with adjusted earnings per share (EPS) of €1.23, surpassing estimates of €1.22 and reflecting a year-over-year increase of 6%. Total revenue reached €8.47 billion, exceeding expectations of €8.45 billion and marking a 9% rise compared to the previous year. The company's cloud revenue showed significant growth, increasing by 27% to €4.4 billion, while revenue from its Cloud ERP Suite grew by 36% to €3.6 billion, marking the eleventh consecutive quarter of over 30% growth. Operating profit also rose by 28% to €2.2 billion. Following these positive results, SAP's shares surged by 5% at market open, reaching an all-time high of over $239, and the company added $26 billion to its market value, surpassing semiconductor leader ASML. SAP also raised its full-year cloud and software revenue guidance to between €29.5 billion and €29.8 billion, up from the previous range of €29 billion to €29.5 billion, and projected free cash flow of €3.5 billion to €4 billion.