Der tschechische Hauptsitz von SAP.
Montag, 22.04.2024 16:05 von | Aufrufe: 42

SAP Announces Q1 2024 Results

Der tschechische Hauptsitz von SAP. © josefkubes / iStock Editorial / Getty Images Plus / Getty Images

PR Newswire

  • Cloud revenue up 24% and up 25% at constant currencies, supported by 32% Cloud ERP Suite revenue growth at constant currencies
  • Current cloud backlog of €14.2 billion, up 27% and up 28% at constant currencies
  • IFRS cloud gross profit up 27%, non-IFRS cloud gross profit up 27% and up 28% at constant currencies
  • IFRS operating loss of –€0.8 billion due to a €2.2 billion restructuring provision
  • Non-IFRS operating profit up 16% and up 19% at constant currencies even including higher share-based compensation resulting from strong share price increase
  • Outlook 2024 reaffirmed

WALLDORF, Germany, April 22, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) announced today its financial results for the first quarter ended March 31, 2024.

Christian Klein, CEO:
We're off to a great start in 2024 and we're confident we'll achieve our goals for the year. Looking ahead, we have powerful growth drivers in place – Business AI, cross-selling across our cloud portfolio, and winning new customers particularly in the midmarket. The strength of our current cloud backlog reaching a record growth rate is a testament to that momentum. Our transformation program is also well on track and will help us to capture this growth and increase efficiency.

Dominik Asam, CFO:
In the first quarter we successfully kicked off the implementation of our transformation program thereby allowing us to focus our investments on the Business AI opportunity while decoupling expense from revenue growth. We are also very pleased by the unabated growth momentum of the Cloud ERP Suite, reflecting the market's secular shift towards integrated cloud solutions.

All figures in this statement are based on SAP group results from continuing operations unless otherwise noted.

Financial Performance

Group results at a glance – First quarter 2024


ARIVA.DE Börsen-Geflüster

Kurse

182,37 $
+1,17%
Sap ADR Chart

IFRS


Non-IFRS1

€ million, unless otherwise stated

Q1 2024

Q1 2023

∆ in %


Q1 2024

Q1 2023

∆ in %

∆ in %
const. curr.

SaaS/PaaS

3,764

2,980

26


3,764

2,980

26

28

Thereof Cloud ERP Suite2

3,167

2,422

31


3,167

2,422

31

32

Thereof Extension Suite3

597

558

7


597

558

7

8

IaaS4

164

197

–17


164

197

–17

–15

Cloud revenue

3,928

3,178

24


3,928

3,178

24

25

Cloud and software revenue

6,960

6,358

9


6,960

6,358

9

11

Total revenue

8,041

7,441

8


8,041

7,441

8

9

Share of more predictable revenue (in %)

84

82

2pp


84

82

2pp


Cloud gross profit

2,837

2,239

27


2,849

2,249

27

28

Gross profit

5,762

5,284

9


5,774

5,305

9

10

Operating profit (loss)

–787

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