SAP's Q4 revenue up 11% to €9.38B - Breaking The News

SAP's Q4 revenue up 11% to €9.38B

28 January

1 min read

EPA-EFE/RONALD WITTEK

SAP SE announced on Tuesday that its revenue in the fourth quarter of fiscal 2024 advanced by 11% on an annual level to hit €9.38 billion. The company's cloud revenue jumped by 27% compared to the same period in 2023 to reach €4.7 billion. Operating profit went up 6% to €2 billion.

For the full 2024, total IFRS revenue climbed 10% to €34.1 billion. For 2025, SAP expects €21.6-21.9 billion in cloud revenue.

"Q4 was a strong finish to the year, with half of our cloud order entry including AI. Looking at the full year, we exceeded our cloud goals, accelerating cloud revenue and current cloud backlog growth against a much larger base," CEO Christian Klein said. "Looking ahead, our strong position in data and Business AI gives us additional confidence that we will accelerate revenue growth through 2027," he added.

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