{"id":142073,"date":"2024-04-24T08:41:23","date_gmt":"2024-04-24T06:41:23","guid":{"rendered":"http:\/\/e3mag.com\/?p=142073"},"modified":"2024-04-24T08:41:24","modified_gmt":"2024-04-24T06:41:24","slug":"sap-results-q1-2024","status":"publish","type":"post","link":"https:\/\/e3mag.com\/en\/sap-results-q1-2024\/","title":{"rendered":"SAP Q1 2024 Results"},"content":{"rendered":"

The financial impact of SAP's restructuring program<\/strong><\/p>\n\n\n\n

CFO Dominik Asam has stated that the IFRS operating profit in the first quarter was impacted by the 2.2 billion EUR restructuring the company is carrying out (the 2024 transformation program), wherein 8,000 positions will be affected. This program resulted in an IFRS operating loss of 787 million EUR. SAP also stated that \u201cnon-IFRS operating profit growth was negatively affected by the increase in share-based compensation, predominately driven by the strong share price increase over the course of the first quarter\u201d.<\/p>

\"Fullsize\"<\/a><\/div>\n\n\n\n

According to Cristof Kerkmann from the German Handelsblatt magazine:<\/p>\n\n\n\n

\u201cAt around 200 million euros, the restructuring expenses are higher than originally expected. CFO Asam explained this is [firstly due to the fact] that more employees in the USA signed up for the early retirement program [than expected]. Secondly, according to Asam, the company had to pay the departing employees more for their share options due to the high share price.\u201d<\/p>\n\n\n\n

How much the restructuring program will cost SAP in the end is still unknown and will likely take some time to calculate.<\/p>\n\n\n\n

Profit and share price<\/strong><\/p>\n\n\n\n

SAP has benefitted from a high share price of late. At the end of March the price was around 184,32 EUR, and now it is still holding a respectable position at 166,10 EUR, which is still a 20 percent increase from the beginning of the year\u200e Source: Handelsblatt<\/a>\u200e SAP has benefitted from a high share price of late. At the end of March the price was around 184,32 EUR, and now it is still holding a respectable position at 166,10 EUR, which is still a 20 percent increase from the beginning of the year (Source: Handelsblatt). However, this high price has affected other economic aspects at the company. SAP\u2019s profit, on an adjusted basis, is at 0,81 EUR, below the consensus of 0,98 EUR a share.<\/p>\n\n\n\n

Asam also stated that their IFRS effective tax rate was much higher this year when compared to the first quarter last year, which has affected their taxes. The changes mainly resulted from a temporary inability to offset withholding taxes in Germany due to tax losses in 2024, resulting from the restructuring program. According to Asam, this adverse impact was partially compensated by changes in non-deductible expenses.<\/p>\n\n\n\n

Cloud strategy<\/strong><\/p>\n\n\n\n

Christian Klein appears content with the financial direction the company is going towards, as he states the company is \u201coff to a great start in 2024\u201d and is confident the company will achieve its goals for the year. He presents the growth in cloud revenue as a marker of success for SAP\u2019s cloud-first strategy. Investors seem to agree with his assessment, as the record growth of SAP\u2019s share price shows the amount of faith SAP\u2019s investors hold in his approach.<\/p>\n\n\n\n

sap.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

SAP has released the results of the first quarter of 2024. The results show that cloud revenue is up 24 percent, and cloud ERP suite revenue is up by 32 percent. The current cloud backlog is of 14.2 billion EUR, up 27 percent.<\/p>","protected":false},"author":2368,"featured_media":142078,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[2],"tags":[43950,243],"coauthors":[39720],"class_list":["post-142073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sap-nachrichten","tag-aktien","tag-boerse","pmpro-has-access"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"thumbnail":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-150x150.jpg",150,150,true],"medium":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-400x180.jpg",400,180,true],"medium_large":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-768x346.jpg",768,346,true],"large":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"image-100":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-100x45.jpg",100,45,true],"image-480":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-480x216.jpg",480,216,true],"image-640":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-640x288.jpg",640,288,true],"image-720":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-720x324.jpg",720,324,true],"image-960":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-960x432.jpg",960,432,true],"image-1168":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"image-1440":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"image-1920":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"1536x1536":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"2048x2048":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"trp-custom-language-flag":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-18x8.jpg",18,8,true],"bricks_large_16x9":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"bricks_large":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"bricks_large_square":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien.jpg",1000,450,false],"bricks_medium":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-600x270.jpg",600,270,true],"bricks_medium_square":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-600x450.jpg",600,450,true],"profile_24":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-24x24.jpg",24,24,true],"profile_48":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-48x48.jpg",48,48,true],"profile_96":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-96x96.jpg",96,96,true],"profile_150":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-150x150.jpg",150,150,true],"profile_300":["https:\/\/e3mag.com\/wp-content\/uploads\/2024\/04\/aktien-300x300.jpg",300,300,true]},"post_excerpt_stackable_v2":"

SAP hat die Zahlen f\u00fcr das erste Quartal 2024 ver\u00f6ffentlicht. Die Ergebnisse zeigen, dass der Cloud-Umsatz um 24 Prozent und der Umsatz mit der Cloud-ERP-Suite um 32 Prozent gestiegen ist. Der aktuelle Cloud-Auftragsbestand liegt bei 14,2 Milliarden Euro, ein Plus von 27 Prozent.<\/p>\n","category_list_v2":"Community Nachrichten<\/a>","author_info_v2":{"name":"E3 Magazine","url":"https:\/\/e3mag.com\/en\/author\/e3_magazin\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts\/142073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/users\/2368"}],"replies":[{"embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/comments?post=142073"}],"version-history":[{"count":1,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts\/142073\/revisions"}],"predecessor-version":[{"id":142079,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/posts\/142073\/revisions\/142079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/media\/142078"}],"wp:attachment":[{"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/media?parent=142073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/categories?post=142073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/tags?post=142073"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/e3mag.com\/en\/wp-json\/wp\/v2\/coauthors?post=142073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}