Cloud drives momentum for SAP in Q1
SAP has reported results for Q1 ended March 31 2022, revealing 31 percent growth in cloud revenue to €2.82bn. SAP’s current cloud backlog was up 28 percent to €9.73 billion, with the war in Ukraine reducing current cloud backlog growth...
ServiceNow reports $1.4bn in subscription revenue
ServiceNow has announced financial results for Q3 ended 30 September 2021, revealing a 31 percent year-on-year increase in subscription revenue to $1.4bn.
SAP Q3 boosted by cloud
has announced strong financial results for Q3 ended 30 September 2021, showing a 20 percent year-on-year rise in cloud revenue to €2.39bn and a surge in RISE with SAP adoption.
SAP raises full year outlook
Cloud momentum has accelerated in the third quarter, with cloud revenue increasing by 20 percent to €2.39bn, current cloud backlog up 24 percent to €8.17bn and SAP S/4HANA current cloud backlog up 60 percent to €1.28bn.
Cloud revenue up for Oracle
Oracle has announced its fiscal 2022 Q1 results, showing a 4 percent year on year increase in quarterly revenues to $9.7bn.
ServiceNow Q2 results surpass expectations
ServiceNow has exceeded expectations with its latest set of financial results, reporting Q2 revenue of $1.41bn, up 27 percent from the same period last year. Wall Street had anticipated second quarter revenue of $1.36bn.
Oracle Q4 beats estimates
Oracle has reported its fiscal 2021 Q4 results, revealing total quarterly revenue growth of 8 percent year-on-year to $11.2bn.
ServiceNow’s stock falls despite solid Q1 performance
Despite its first quarter results exceeding expectations, ServiceNow’s stock fell after the company revealed it had added fewer big contracts in Q1 than in previous quarters.
SAP reveals preliminary Q4 and full year results
SAP has announced its preliminary financial results for the fourth quarter and full year ended 31 December 2020...
Solid first quarter results for ServiceNow
ServiceNow has released financial results for Q1, with subscription revenues of $995m representing 34 percent...
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