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SAP publishes results for Q3 2023

SAP has published its results for the third quarter of 2023 (from July 1 to September 30).
E3 Magazine
19 October 2023
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This text has been automatically translated from German to English.

The results include an increase in cloud revenue of 16 percent, or 23 percent at constant exchange rates. Another result is the 19 percent increase in current cloud backlog to 12.3 billion euros, or 25 percent at constant exchange rates. Cloud gross profit (IFRS) is up 21 percent, and cloud gross profit (non-IFRS) is up 21 percent, or 28 percent at constant exchange rates, supported by an increase in cloud gross margin. Finally, operating profit (IFRS) is up 11 percent, and operating profit (non-IFRS) is up 10 percent and 16 percent, respectively, at constant exchange rates.

SAP confirms outlook for 2023

"Our third quarter results are further evidence that we have entered the next phase of our transformation. We have accelerated cloud growth across our portfolio and significantly increased our cloud gross margins. Our strong focus on innovation, such as our latest SAP Business AI capabilities, ensures SAP's continued resilience in the face of challenging macroeconomic conditions and rising geopolitical tensions." Christian Klein, Spokesman of the Board of Management

"Our third quarter results illustrate our strong performance and the resilience of our business, as well as sustained cloud growth despite ongoing negative macroeconomic influences. We also always pay attention to balancing growth and profitability. As a result, we are able to grow our bottom line - with the goal of achieving double-digit growth in operating profit this year." Dominik Asam, Chief Financial Officer

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Work on SAP Basis is crucial for successful S/4 conversion. This gives the so-called Competence Center strategic importance among SAP's existing customers. Regardless of the operating model of an S/4 Hana, topics such as automation, monitoring, security, application lifecycle management, and data management are the basis for the operative S/4 operation. For the second time already, E3 Magazine is hosting a summit in Salzburg for the SAP community to get comprehensive information on all aspects of S/4 Hana groundwork. With an exhibition, expert presentations, and plenty to talk about, we again expect numerous existing customers, partners, and experts in Salzburg. E3 Magazine invites you to Salzburg for learning and exchange of ideas on June 5 and 6, 2024.

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Tickets

Early Bird Ticket - Available until 29.03.2024
EUR 440 excl. VAT
Regular ticket
EUR 590 excl. VAT

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Venue

Event Room, Hotel Hilton Heidelberg,
Kurfürstenanlage 1,
69115 Heidelberg

Event date

28 and 29 February 2024

Tickets

Regular ticket
EUR 590 excl. VAT
The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.