FINANCIALS
SAP up in the clouds for Q2, but profits fall
SAP has reported financial results for its Q2 2022 and half year ended 30 June 2022, revealing a 34 percent year-on-year increase in cloud revenue to €3.06bn, driven by growth across its SaaS and PaaS portfolio. SAP’s current cloud backlog...
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 at constant currencies by 0.8 percentage points.
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50 years of SAP, Klein says, “We’re just getting started.”
50 years ago five former IBM executives started the conversation by forming a company called Systemanalyse und Programmentwicklung. Since then, new protagonists have emerged, markets have shifted, share prices have fluctuated and products have evolved, but one thing has remained constant. SAP is the market leader….by a mile.
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