SAP reports Q4 EPS EUR 1.01 vs EUR 0.46 last year

Reports Q4 revenue EUR 8.47B vs EUR 8.06B last year. Christian Klein, CEO: “SAP has delivered: We met or exceeded our outlook for 2023 in all key metrics. Based on a stellar order entry, our current cloud backlog expanded by 27% – an all-time high. We are confident about the company’s prospects in 2024. From this position of strength, SAP is opening the next chapter: with the planned transformation program, we are intensifying the shift of investments to strategic growth areas, above all Business AI. Going forward, this will empower us to keep leading with innovation while increasing the scalability of the operating model.”