SAP SE (SAP) outlook cut, but shares rise on strong cloud revenue growth

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Go back to SAP SE (SAP) outlook cut, but shares rise on strong cloud revenue growth

SAP Announces Q1 2023 Results

April 21, 2023 1:00 AM EDT

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. S/4HANA cloud revenue up 77% and up 75% at constant currenciesCurrent cloud backlog up 25%, both at nominal and constant currencies, a sequential growth improvement of 1 percentage pointIFRS cloud gross profit up 28%, non-IFRS cloud gross profit up 28% and up 27 % at constant currencies fueling double-digit non-IFRS operating profit growthIFRS operating profit down 45%, non-IFRS operating profit up 12% and up 12% at constant currencies2023... More

AMD and SAP's 25-Year Partnership Reaches New Heights with Successful Migration to SAP S/4HANA®

April 19, 2023 5:00 PM EDT

WALLDORF, Germany, April 19, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) announced today that AMD (NASDAQ: AMD), a leader in high-performance and adaptive computing, has successfully migrated to SAP S/4HANA® Cloud, private edition. This marks a major milestone in the AMD digital transformation journey and strengthens the two... More