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SAP Announces Q4 and FY 2024 Results

1. SAP's cloud backlog surged 32% to €18.1 billion. 2. Revenue grew 10%, with cloud revenue up 25%, indicating strong performance.

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$275.601/28 12:03 AM EDTEvent Start
$273.7501/29 06:35 AM EDTLatest Updated
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FAQ

Why Bullish?

The significant growth in cloud backlog and revenue typically signals healthy demand, positively affecting SAP's stock, similar to previous growth periods.

How important is it?

The article details substantial increases in key financial metrics indicating strong future growth potential for SAP.

Why Long Term?

Sustained revenue growth and cloud adoption trends are likely to benefit SAP over time, akin to past performance during growth phases.

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SAP
SAP meets or exceeds all financial outlook parameters for FY2024 Current cloud backlog of €18.1 billion, up 32% and up 29% at constant currencies Total cloud backlog of €63.3 billion, up 43% and up 40% at constant currencies Cloud revenue up 25% and up 26% at constant currencies in FY2024 Cloud ERP Suite revenue up 33% and up 34% at constant currencies in FY2024 Total revenue up 10% and up 10% at constant currencies in FY2024 IFRS operating profit down 20%, non-IFRS operating profit up 25% and up 26% at constant currencies in FY2024 2025 outlook anticipates accelerating cloud revenue growth WALLDORF, Germany , Jan. 28, 2025 /PRNewswire/ -- SAP SE (NYSE: SAP) announced today its financial results for the fourth quarter and fiscal year ended December 31, 2024. Christian Klein, CEO:Q4 was a strong finish to the year, with half of our cloud order entry including AI.

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