In 2024, SAP reported strong financial results, exceeding projections with a cloud backlog of €63.3 billion, representing a 43% increase. Cloud revenues rose 25%, highlighting robust demand, particularly for the Cloud ERP Suite, which surged by 33%. While IFRS operating profit decreased by 20%, non-IFRS operating profit grew by 25%. Looking ahead to 2025, CEO Christian Klein anticipates continued accelerated growth, particularly in cloud revenue driven by AI advancements, reflecting SAP's strategic positioning in the market.
The company met or exceeded financial projections in 2024, with cloud backlog growing to €18.1 billion, a 32% increase from last year.
CEO Christian Klein noted that the fourth quarter closed strongly, with a significant portion of cloud orders incorporating AI, reinforcing optimism for future growth.
Despite a 20% drop in IFRS operating profit, SAP achieved a 25% rise in non-IFRS operating profit, demonstrating resilience in challenging economic conditions.
CFO Dominik Asam highlighted the impressive 29% growth in current cloud backlog, showcasing SAP's strategic strength and its ability to surpass set targets.
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