SAP (SAP) Stock Gains 3% After Outstanding Q4 and 2021 Results, With Record Cloud Performance; Provides 2022 Outlook

SAP reports 28% jump in Q4 cloud computing revenue, targets 26% growth for 2022

January 13, 2022 5:32 PM EST

(Reuters) -German business software group SAP on Thursday said fourth-quarter revenue from its cloud computing business jumped 28% as more customers shift their IT operations to its cloud business database.

Cloud revenue climbed to 2.61 billion euros ($2.99 billion) in the fourth quarter ended Dec. 31, the company reported in a preliminary earnings... More

SAP SE (SAP) Announces Up to EUR 1B Share Buyback

January 13, 2022 5:30 PM EST

SAP (NYSE: SAP) today announced a new share repurchase program. The program, with a volume of up to 1 billion, is planned to be executed in the period between February 01 and December 31, 2022. It will be implemented based on the authorization granted by the Annual General Meeting of SAP SE on May 17, 2018, and in compliance with the... More

SAP SE (SAP) Reports Record Q4 Cloud Performance, Exceeds High End of Outlook for Cloud & Software Revenue and Operating Profit

January 13, 2022 5:00 PM EST

After an initial review of its fourth-quarter 2021 performance, SAP (NYSE: SAP) today announced its preliminary financial results for the fourth quarter and full year ended December 31, 2021.

Fourth Quarter

Rapid expansion of current cloud backlog to 9.45 billion, up 32% (up 26% at constant currencies), a sequential growth acceleration by 4 percentage points at constant currencies.Stellar SAP S/4HANA current cloud backlog performance, up 84% (up 76% at constant currencies), driven by strong adoption of "RISE with SAP".Cloud revenue up 28% (up 24% at constant currencies), accelerating further with strong execution across the entire cloud... More