SAP financial results
8 results
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New SAP Financials a Pivotal Point on Cloud Roadmap, with AI Focus
The latest SAP financials have been released, coming at a pivotal time for the SAP user community as 2024 marks three years until the end of ECC support,
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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 Powers Q3 Success for SAP
On October 21st, SAP made their official third quarter results announcement in which total revenue increased by 5% and cloud revenue increased by 20% allowing SAP to raise their guidance slightly for the full-year. This included adding 300 customers for RISE with SAP and a total of 500 SAP S/4HANA customers.
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SAP Records Strong Q1 Performance
On April 22nd SAP announced very strong Q1 results, with an increase in cloud revenue in all regions and particularly strong growth in EMEA and APJ. Led by RISE with SAP and described by CEO Christian Klein as “an amazing start to 2021”, SAP saw some of the strongest cloud growth that it has experienced…
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SAP Pre-Announces Q4 Results and Executive Board Changes
On January 14, SAP pre-announced Q4 results, and this was followed on January 15 by the announcement that Executive Board member Adaire Fox-Martin and CMO Alicia Tillman would be leaving the company. Fox-Martin will be replaced by Scott Russell, current President of SAP Asia-Pacific and Japan, while Tillman will be replaced by new Executive Board…
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Christian Klein Talks to SAP’s North American Customers
by Robert Holland, VP Research, SAPinsider Understanding that many customers are anxious about SAP’s Q3 revenue announcement, SAP CEO Christian Klein took the time in early November to speak directly to North American customers and answer questions about what the announcement means for them. At a high level, Klein focused on the fact that SAP…
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SAP Announces Q3 Financial Results
On October 26, SAP announced third quarter results that showed that the market has not yet recovered as much as SAP had hoped would be the case when they revised their forecast in April. This resulted in a decrease in sales and software revenue, total revenue, and profit compared to the third quarter of 2019.…
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SAP Announces Jennifer Morgan’s Departure, Official Q1 Numbers
On April 20, SAP announced that co-CEO Jennifer Morgan would be leaving the company effective April 30 and that Christian Klein would continue as the sole CEO of the organization. During SAP’s April 21 earnings call Klein went on to thank Morgan for her contributions to SAP and stated that “we would not be where…
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