SAP Caps Strong Cloud-Focused Q1
13 results
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Strong Cloud Revenue Propels SAP in Q1
SAP opened 2024 with a strong start, the first quarter results laying a solid foundation for the remainder of the year. The strongest growth area was the current cloud backlog (CCB), which grew 28% at constant currencies to €14.2 billion. This was followed by cloud revenue with a 25% increase at constant currencies to €4…
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SAP Caps Strong Cloud-Focused Q1
SAP announced a strong first quarter based on positive cloud momentum in its recent earnings call. The overall revenue for the quarter increased by 9% at constant currencies to €7.441 billion, with cloud and software making up the bulk at €6.358 billion. The current cloud backlog increased 25% to €11.148 billion, of which SAP S/4HANA…
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Cloud Revenue and AI Powers SAP to Strong Q2
SAP continued their strong performance in the first quarter with an equally robust performance in the second quarter of 2024. The current cloud backlog increased by 28% to €14.8 billion at constant currencies. Currently cloud backlog is defined as the contractually committed cloud revenue that SAP expects to recognize over the upcoming 12 months based…
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SAP Raises 2024 Revenue Outlook After Strong Q3
Following a strong second quarter performance that saw current cloud backlog increase by 28% and Cloud ERP Suite revenue increase by 33%, SAP announced and even stronger third quarter performance. Current cloud backlog increased 27% at constant currencies to €15.4 billion while total revenue was up 10% at constant currencies to €8.5 billion. Once again…
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SAP’s Supply Chain Engagement Program Aims to Slash Scope 3 Emissions
SAP tackles Scope 3 greenhouse gas (GHG) emissions with new initiative.
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Cloud Success Drives Strong 2023 for SAP
2023 was an extremely successful year for SAP. Despite facing “an adverse macroeconomic environment,” as described by CFO Dominik Asam, SAP saw significant increases in total revenue, cloud and software revenue, cloud revenue, SAP S/4HANA revenue, and operating profit for the full fiscal year. Even though the earnings per share (EPS) missed the market goals,…
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Jürgen Müller to Step Down from SAP Executive Board
In an unexpected development, SAP has announced that Chief Technology Officer (CTO) Jürgen Müller will depart the SAP Executive Board effective September 30th, 2024. According to the press release, Müller is departing due to inappropriate behavior at a company event. In a quote, Müller said that his actions “did not reflect our values at SAP”…
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SAP Unifies Carbon and Financial Accounting with Green Ledger
SAP has made the Green Ledger solution generally available to enhance the accuracy and credibility of carbon emissions accounting with evolving sustainability regulations.
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Lessons Learned from an SAP HANA Cloud Platform Implementation
Key principles and facts are included in this overview of the design and implementation of a cloud application on SAP HANA Cloud Platform. Key Concept Applications consume and expose web service application program interfaces (APIs) that facilitate the re-usability of the capabilities of an application and support the integration into other applications. The following solution...…
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How ABAP affects BW performance: Tips from Joerg Boeke & Raymond Busher (Q&A transcript)
I recently moderated a web forum with BI experts Joerg Boeke and Raymond Busher of BIAnalyst on tuning ABAP to improve BW performance. Joerg and Raymond took questions on transformations, maximizing process chain performance, speeding up tRFC processing, managing Shared Object Memory, and other topics. For the full Q&A, you can view the questions and…
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