SAP announced its earnings for the third quarter of 2022 on October 25, citing a strong cloud quarter and increasing momentum across all indicators. Cloud revenue worldwide increased by 38% to €3.29 billion, or 25% at constant currency rates, driven by double-digit growth across the SaaS and PaaS portfolios.

Moreover, in Q3 of 2022, SAP's cloud revenue increased by 27%, reaching 411 million Euros in Asia Pacific and Japan (APJ).When compared to the same period in 2021, total APJ Q3 2022 revenue increased by 5% to 1.1 billion Euros.
Also. new RISE with SAP customers in APJ comprised RICOH CO., LTD., Fonterra, Nikon Corporation, and Dabur India Ltd. Additionally, Wipro and Birlasoft went live with RISE with SAP S/4HANA.

Based on SAP S/4HANA Cloud's complete vision and ability to execute in the cloud ERP market, SAP was named a Leader in the Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises in September. This indicates that SAP's cloud strategy continues to demonstrate global momentum. In July, SAP was recognized by Gartner as a Leader in the Magic Quadrant for Cloud ERP for Service-Centric Enterprises.

"Businesses are realizing the value of our flexible, extendable, and innovative set of business tools in the cloud – building on SAP's strength in connecting organizations and improving processes," stated Paul Marriott, president of SAP APJ. From cloud-based business transformation to strengthening supply chain resilience and integrating sustainability into the core of business, our cloud-centric strategy and best-in-suite portfolio are assisting customers across APJ in addressing their most pressing challenges.

Source: https://news.sap.com/sea/2022/10/sap-announces-q3-2022-results-asia-pacific-and-japan-view/