SAP's revenue up 11% to €7.1B in Q1 - Breaking The News

SAP's revenue up 11% to €7.1B in Q1

22 April

1 min read

EPA-EFE/RONALD WITTEK

SAP said on Friday that its IFRS revenue in the first quarter was €7.1 billion, increasing from the same period last year by 11%. Cloud revenue rose 31% to €2.8 billion.

Diluted earnings per share dropped 29% to €0.63 year on year, while the software company's operating profit surged 10% to €1.05 billion. IFRS profit after tax plunged 41% to €632 million in the three-month period.

"Customers powered another quarter of strong cloud growth as they turned to us for solutions to make their businesses more sustainable, their supply chains more resilient, and their enterprises more future-proof," CEO Christian Klein stated.

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