Luigi Filippozzi’s Post

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

During SAP’s Q3 earnings call, CEO Christian Klein made it clear that regardless of that impressive performance, SAP is aggressively planning for continued and perhaps even accelerated growth in Q4 and into 2025. “Of course, we hear a lot about macroeconomic challenges,” Klein said. “Look at our home market in Germany — definitely the economy has its challenges. But still I would say after Q4, there’s rarely a DAX 40 company left who is not yet on the move to the cloud with SAP and RISE…. When you are in a transformation, no matter if it’s in the chemical industry or in the auto industry, actually we see no slowdown. They really see our Cloud ERP Suite as the only way to restructure their portfolio, to transform to new business models, and of course, also to drive productivity.” #SAP

#sap Second Quarter 2024 ·       Current cloud backlog of €14.8 billion, up 28%, both at nominal and constant currencies ·       Cloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currencies ·       Total revenue up 10%, both at nominal and constant currencies ·       IFRS cloud gross profit up 29%, non-IFRS cloud gross profit up 28% and up 29% at constant currencies ·       IFRS operating profit down 11% due to restructuring expenses of €0.6 billion. Non-IFRS operating profit up 33% and up 35% at constant currencies

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

Nel caso di NetSuite, le statistiche delle Suite prese da IDC Business Value Snapshot parlano da sole. Making the case for NetSuite? These “suite” stats from the IDC Business Value Snapshot speak for themselves. https://lnkd.in/dApfcS-V

Earnings: SAP misses EPS but beats on revenue! Cloud revenue up 24% and up 25% at constant currencies, supported by 32% Cloud ERP Suite revenue growth at constant currencies Current #cloud backlog of €14.2 billion, up 27% and up 28% at constant currencies. https://lnkd.in/g2HsY6TA

This Dussehra, let’s lift the spirit of victory over business challenges with Oracle Netsuite. Just as Vijayadashami is celebrated across cultures, Oracle Netsuite is designed for businesses of all sizes and industries. #SoftCoreSolutions wishes you a Happy Vijayadashami. #HappyDusshera #HappyDusshera2024 #Vijayadashami #GoodOverEvil #SoftCoreSolutions #SCS #CFO #FinancialManagement #NetSuiteERP

📈 #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

𝗦𝗔𝗣'𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘁𝗵𝗶𝗿𝗱 𝗾𝘂𝗮𝗿𝘁𝗲𝗿 𝗲𝗻𝗱𝗲𝗱 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟯𝟬, 𝟮𝟬𝟮𝟰 Ø Current cloud backlog of €15.4 billion, up 25% and up 29% at constant currencies Ø Cloud revenue up 25% and up 27% at constant currencies Ø Cloud ERP Suite revenue up 34% and up 36% at constant currencies Ø Total revenue up 9% and up 10% at constant currencies Ø IFRS cloud gross profit up 26%, non-IFRS cloud gross profit up 27% and up 28% at constant currencies Ø IFRS operating profit up 29%, non-IFRS operating profit up 27% and up 28% at constant currencies