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SAP reports Q1 EPS EUR 0.41 vs. EUR 0.63 last year
The Fly

SAP reports Q1 EPS EUR 0.41 vs. EUR 0.63 last year

Reports Q1 revenue EUR 7.44B vs. EUR 6.77B last year. Reports cloud revenue up 24%. Reports current cloud backlog up 25%. Christian Klein, CEO: "We have entered a powerful new phase in our strategic transformation, with topline and bottom-line results clearly demonstrating the tipping point we passed in the fourth quarter 2022. Our cloud momentum continues at a fast pace which is contributing to our strong revenue and double-digit non-IFRS operating profit growth this quarter."

Published first on TheFly

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