Financials

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 has announced financial results for Q3 ended 30 September 2021, revealing a 31 percent year-on-year increase in subscription revenue to $1.4bn.

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.

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.

Oracle has announced its fiscal 2022 Q1 results, showing a 4 percent year on year increase in quarterly revenues to $9.7bn.

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 has reported its fiscal 2021 Q4 results, revealing total quarterly revenue growth of 8 percent year-on-year to $11.2bn.

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 has announced its preliminary financial results for the fourth quarter and full year ended 31 December 2020...

ServiceNow has released financial results for Q1, with subscription revenues of $995m representing 34 percent...