SAP Announces Q1 2023 Results
SAP News, Monday, April 24,2023
AP SE announced its financial results for the first quarter ended March 31, 2023.
Unless otherwise stated, all figures in this statement are based on SAP group results from continuing operations.
Cloud revenue up 24% and up 22% at constant currencies, up 1 percentage point sequentially. SAP S/4HANA cloud revenue up 77% and up 75% at constant currencies
Current cloud backlog up 25%, both at nominal and constant currencies, a sequential growth improvement of 1 percentage point
'We have entered a powerful new phase in our strategic transformation, with topline and bottom-line results clearly demonstrating the tipping point we passed in the fourth quarter 2022. Our cloud momentum continues at a fast pace which is contributing to our strong revenue and double-digit non-IFRS operating profit growth this quarter.'
Christian Klein, CEO