Kimia Enayati’s Post

SAP reported its financial results for the first quarter on Monday. Here's what its CEO Christian Klein said in a press release today. https://lnkd.in/dq7BscsS #sap #investing #software #cloudcomputing #stockmarketnews #earnings #germany #businessnews #artificialintelligence #genai #techstocks

Corporate Earnings Reports Posted on Monday, 22 April SAP quarterly net revenue +8.1% to $8.0 bn vs $8.6 bn expected. Loss Per Share at $0.71 vs. EPS $1.11 expected. Christian Klein, CEO, said, “We're off to a great start in 2024 and we're confident we'll achieve our goals for the year. Looking ahead, we have powerful growth drivers in place – Business AI, cross-selling across our cloud portfolio, and winning new customers, particularly in the midmarket. The strength of our current cloud backlog reaching a record growth rate is a testament to that momentum. Our transformation program is also well on track and will help us to capture this growth and increase efficiency.” — see the report. #earningsseason #sap

SAP has released its Q1 2024 results, which slightly exceeded Wall Street's expectations. The company's total revenue for the quarter was €8.04 billion -- an 8% increase from the previous year. Cloud revenue recorded a 24% increase, reaching €3.93 billion, while software revenue reached €3.03 billion, slightly above estimates. Though the profit fell short of consensus at €0.81 a share, SAP reconfirmed its 2024 financial outlook, forecasting continued growth in cloud and software revenue. The company aims to achieve a compounded average revenue growth of 10% through 2025 and plans to accelerate growth after that. "We're off to a great start in 2024, and we're confident we'll achieve our goals for the year," SAP CEO Christian Klein said. "Looking ahead, we have powerful growth drivers in place—business artificial intelligence, cross-selling across our cloud portfolio, and winning new customers, particularly in the mid-market." Klein noted that the company's transformation program is also on track to capture planned growth and increase efficiency. More to come from Moor Insights & Strategy analysts in specific verticals: Cloud, HCM, Data, ERP, Sustainability, etc. $SAP

SAP's Q2 Earnings report reveals ongoing momentum and the robustness of our strategic execution. Grateful for the continued support from our customers, colleagues, and partners! Key highlights from #SAPQ22024 earnings: - Cloud growth remains robust in Q2, fueled by Business AI driving numerous deals. - Current cloud backlog stands at €14.8 billion, marking a 28% increase in nominal and constant currencies. - Cloud revenue surged by 25%, supported by a remarkable 33% growth in Cloud ERP Suite revenue, in both nominal and constant currencies. - Total revenue saw a 10% increase, both in nominal and constant currencies. - Reiteration of the 2024 financial outlook, with an enhanced 2025 operating profit goal to capture anticipated efficiency gains from an expanded transformation program. For more details, check out the full report here: https://lnkd.in/gYdQ84k5

Great insights It's inspiring to see how SAP's offerings like RISE with SAP are driving business model transformations and helping organizations grow. 

Earlier this week, I had the chance to catch up with Tom Mackenzie on Bloomberg to discuss our Q2 earnings results and how SAP's offerings like RISE with SAP are helping customers drive their business model transformation and grow their businesses. We talked about #GenerativeAI and the many ways in which it unfolds significant value for companies across their business, from contract screening to closing the books to hiring the best talent. https://lnkd.in/gugx3hqQ

📈 #SAP Second Quarter #Financial #Highlights for 2024 #SAP SE, a global leader in enterprise software solutions, has released its financial results for Q2 2024. Here’s a snapshot of the key highlights: 🔹 Revenue: SAP achieved impressive revenue growth of €7.4 billion, marking a 5% increase year-over-year. This reflects strong performance across cloud and software segments. 🔹 Cloud Revenue: Cloud revenue continues to be a major driver, reaching €3.1 billion in Q2, a notable 10% increase compared to the same period last year. This growth underscores SAP's expanding footprint in the cloud services market. 🔹 Operating Profit: Operating profit stood at €1.6 billion, reflecting a robust 8% year-over-year growth. SAP's focus on operational efficiency and strategic investments is paying off. 🔹 Net Income: Net income for the quarter was €1.2 billion, up 7% from Q2 2023. This growth in net income highlights SAP’s strong financial health and profitability. 🔹 Earnings per Share (EPS): EPS increased to €1.50, demonstrating solid earnings growth and value creation for shareholders. 🔹 Strategic Developments: SAP has also made significant strides in its strategic initiatives, including expanding its cloud portfolio and advancing its AI and machine learning capabilities. These innovations are expected to drive future growth and strengthen SAP's market position. What are your thoughts on the SAP? Share your insights below! 💬 #SAP #FinancialResults #QuarterlyReport #CloudRevenue #EnterpriseSoftware

SAP's Q2 2024 Financial Results: What Do They Mean for You? Hi SAP professional! I’m excited to dig into SAP's Q2 2024 financial report. Are these just numbers or are they signal trends and opportunities that could shape your future?! 🌥️ Cloud Revenue Surge: SAP saw a 25% jump in cloud revenue, hitting €4.15 billion. This shows a strong push towards cloud solutions. How do you think this will influence the demand for cloud expertise? 📈 Total Revenue Growth: With a 10% overall increase to €8.29 billion, SAP is clearly expanding. What opportunities do you see for aligning with a growing tech giant like SAP? 💼 Profit Boost: Non-IFRS operating profit is up 33% to €1.94 billion, indicating strong operations. Could this lead to more partnerships and job openings within the SAP ecosystem? 🔄 Strategic Restructuring: The IFRS operating profit dipped by 11% due to restructuring costs, pointing to a focus on long-term efficiency. How might these changes affect the SAP business collaborations and job market? In my view, these updates highlight a dynamic period for SAP, filled with exciting potential for growth and innovation. For job seekers and SAP partners, staying informed on these trends can help you seize new opportunities. What are your thoughts on these developments? How do you think they'll impact your SAP journey? Let's chat about it! 💬👇 Data Sources: https://lnkd.in/gstuCtfF https://lnkd.in/euDEVkHW #SAP #FinancialResults #CloudRevenue #TechInnovation #CareerGrowth #DigitalTransformation #AI #TechTrends #SAPCareers #BusinessGrowth #S4HANA #CloudSolutions #TechEcosystem #JobOpportunities #SAPPartners

The role of the finance function and the CFO has evolved significantly. The CFO is entrusted today with the responsibility to drive transformation with business value as the end goal. Enterprise platforms like S/4HANA hold massive potential to streamline finance operations - but the road to transformation is not without challenges. With the forthcoming SAP support end deadline of December 2027, enterprises are required to move rapidly from legacy to cloud solution, but many businesses still aren’t clear on the 'what' and 'why' of their transformation journey In our October 1 webinar, join me and Abhishek Mundra as we discuss the typical challenges finance functions face in their S/4HANA transformation and how the office of CFO can lead these initiatives, ensuring maximum value realization. Don’t miss the session on October 1: https://okt.to/KacFst hashtag #FinanceTransformation #S4HANA #CFOs #SAP #Finance #Cloud Everest Group Shirley Hung Yugal Joshi Vignesh Kannan A S Yamohiadeen Sangamesh Kadagad Amitayu Krishna Asmita Das