Wall village – SAP SE published the results for the third quarter of 2024 (July 1st to September 30th).
- Current Cloud Backlog increases by 25 % to € 15.4 billion or currency -adjusted by 29 %.
- Clay revenues increase by 25 % or currency adjusted by 27 %.
- Rarriers to Cloud ERP Suite increase by 34 % or currency -adjusted by 36 %.
- Sales increase by 9 % or currency -adjusted by 10 %.
- Cloud gross result increases by 26 %, according to Non-iFRS by 27 %or currency-adjusted by 28 %.
- According to IFRS, the operating result increases by 29 %, according to non-iFRFs by 27 %or currency-adjusted by 28 %.
- SAP raises an outlook for cloud and software revenues, operating results and free cash flow for 2024.
“The SAP delivered strong results again in the third quarter. We are therefore confident with confidence in our financial outlook for 2024. The growth of the Clouder revenue developed extremely well, especially with our Cloud Erp Suite. In addition, we make decisive progress in corporate AI with groundbreaking innovations such as the SAP Knowledge Graph. Quarter contained AI application scenarios. “
Christian Klein, CEO
“We are very satisfied with our results for the third quarter. The transformation program 2024 already ensured initial efficiency increases. We were thereby achieving a strong operating result and a strong Free Cashflow and at the same time continued our dynamic sales development. We are now concentrating on this success in the fourth quarter to achieve our objectives for 2025 despite an extremely inconsistent environment.”
Dominik Asam, CFO
