March 1, 2020September 20, 2021

SAP delivers on 2019 outlook despite S/4 difficulties

News Covering all the latest news from the ERP Sector

Key Takeaways

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SAP achieved total revenue of €27.5bn in FY 2019, marking a 12% year-on-year increase.

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The company saw a 25% rise in new cloud bookings, reaching €2.2bn, and overall cloud revenue grew by 39% to €6.9bn.

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SAP's strategy to be the experience company powered by intelligent enterprise is attracting more customers, as highlighted by co-CEOs Jennifer Morgan and Christian Klein.

SAP has announced it has hit every revenue and profit target across FY 2019 with a total revenue of €27.5bn, up 12 percent year-on-year.

The company reported a 25 percent increase in new cloud bookings in FY 2019 to €2.2bn. Its overall cloud revenue was €6.9bn, an increase of 39 percent year-on-year.

Commenting on the results, co-CEOs Jennifer Morgan and Christian Klein said: “SAP’s strategy to be the experience company powered by the intelligent enterprise is resonating. More and more customers are turning to SAP and Qualtrics to close their experience gap.”

Key Takeaways

⇨ SAP achieved total revenue of €27.5bn in FY 2019, marking a 12% year-on-year increase.

⇨ The company saw a 25% rise in new cloud bookings, reaching €2.2bn, and overall cloud revenue grew by 39% to €6.9bn.

⇨ SAP's strategy to be the experience company powered by intelligent enterprise is attracting more customers, as highlighted by co-CEOs Jennifer Morgan and Christian Klein.

⇨

SAP achieved total revenue of €27.5bn in FY 2019, marking a 12% year-on-year increase.

⇨

The company saw a 25% rise in new cloud bookings, reaching €2.2bn, and overall cloud revenue grew by 39% to €6.9bn.

⇨

SAP's strategy to be the experience company powered by intelligent enterprise is attracting more customers, as highlighted by co-CEOs Jennifer Morgan and Christian Klein.