SAP said the full-year revenue stood at €31bn, up 6%. Cloud revenue grew by 20% to €13.66bn, and the firm said this surge was primarily due to 'strong' double-digit growth in its SaaS and PaaS offerings. SAP S/4HANA Cloud revenue jumped by 67% to €3.49bn.
Beyond the financial update, probably the most eye-catching element was that SAP said it would focus more on AI as an area of 'key strategic growth'. That will mean bringing more AI to its products, but also using AI for its own internal cost saving.
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