Wall village – The SAP SE Published the results for the first quarter of 2024 (January 1 – March 31) today.
- Clover revenues increase by 24 % or currency -adjusted by 25 %, supported by a currency -adjusted growth
The proceeds for the Cloud ERP Suite of 32 %. - Current Cloud Backlog increases by 27 % to € 14.2 billion or currency -adjusted by 28 %.
- Cloud gross result (IFRS) increases by 27 %, cloud gross result (non-iFRS) increases by 27 %or currency-adjusted by 28 %.
- Operative loss (IFRS) of −0.8 billion € due to a restructuring provision of € 2.2 billion.
- Operating result (non-iFRS) increases by 16 % or currency-adjusted by 19 % despite higher proportions based on the strong increase in the share price.
- Outlook for 2024 confirmed
“We had a great start to 2024 and are confident that we will achieve our goals for the year. For the future, we have our company AI, the additional sale of further solutions from our cloud portfolio to existing customers and the recruitment of new customers in the medium-sized company. Our transformation program is scheduled for schedule and will help us achieve this growth and increase efficiency. ”
Christian Klein, board spokesman
“We have successfully started implementing our transformation program in the first quarter. Together with the targeted investments in corporate AI, we will pursue the opportunity to decouple the cost development from the growth of sales. The continued growth dynamics of the Cloud ERP Suite, which reflects long-term change in the market, is also very gratifying.”
Dominik Asam, CFO
Read the quarterly notification
Press:
Joellen Perry
+1 (650) 445-6780
joellen.perry@sap.com, pt
Daniel Reinhardt
+49 (6227) 7-40201
daniel.reinhardt@sap.com, cet
