financial results
4 results
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SAP Announces Leadership Changes Alongside Strong 2024
SAP’s FY2024 earnings call revealed a strong financial performance alongside significant leadership changes, including the appointment of Sebastian Steinhaeuser as Chief Operating Officer, while also confirming a focus on AI integration and strategies aimed at enhancing cloud growth.
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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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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’s Q3 and Q4 Financial Release Schedule Announced: Will SAP See Success?
SAP SE has announced this year’s schedule for the release of financial information for the third and fourth quarters of 2023.
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