SAP reported a considerable increase in cloud revenue, totaling €4.99 billion in the last quarter with a 27% growth year-on-year, largely attributed to a 34% rise in its Cloud ERP Suite. However, software license sales are experiencing a decline, dropping 10% to €0.18 billion. This aligns with a long-term trend within the company. CEO Christian Klein remarked on SAP's strong, predictable revenue model, emphasizing its importance amid global uncertainties. Key collaborations with various large companies have enhanced SAP's offerings, including the recent introduction of SAP Business Data Cloud to streamline data consolidation and assist customer decision-making.
SAP's cloud revenue reached €4.99 billion in Q1, a 27% increase, with the Cloud ERP Suite seeing a substantial growth of 34% to €4.25 billion.
Despite strong cloud growth, SAP's software license sales fell 10% to €0.18 billion, reflecting a broader trend in the company's direction.
Christian Klein highlighted the resilience of SAP's business model, which features predictable revenue of 86%, crucial for thriving amid uncertainty.
The recent launch of SAP Business Data Cloud aims to unify internal and external data, providing organizations with a solid foundation for decision-making.
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