Wall village – SAP SE published the results for the second quarter of 2024 (April 1 to June 30).
- Current Cloud Backlog increases both nominal and currency -adjusted by 28 % to € 14.8 billion.
- Clover revenues increase by 25 %, supported by growth of the proceeds for the Cloud ERP Suite of 33 % – both nominal and currency -adjusted.
- Both sales of sales increase by 10 %both nominal and currency -adjusted.
- Cloud gross result (IFRS) increases by 29 %, cloud gross result (non-iFRS) increases by 28 %or currency-adjusted by 29 %.
- Operating result (IFRS) drops by 11 % due to restructuring expenses of € 0.6 billion.
Operating result (non-iFRS) increases by 33 % or currency-adjusted by 35 %. - Financial outlook for 2024 confirmed. Objective 2025 for the operating result due to expected additional efficiency increases from an extended transformation program.
“Our growth dynamics in the cloud business remained unchanged in the second quarter, and corporate AI has made many business qualifications possible. We continue to implement our transformation with great discipline and therefore increase our objectives in the operating result for 2025. At the same time, we are still investing in our goal of becoming the leading provider of corporate AI. Due to our progress and strong contracting pipes, we are confident, until 2027 to achieve an accelerated sales growth. “
Christian Klein, CEO
“Our focus continues to fulfill our view for this year. The growth of the Current Cloud Backlog in the second half of 2024 and in particular in the fourth quarter will be crucial to create the basis for our objectives in the records for 2025. At the same time, we continue to work to achieve our objective for Free Cashflow in 2025. Millions of area that will affect the next year. “
Dominik Asam, CFO
