SAP SE Q4 Profit Rises; Expects Current Cloud Backlog Growth To Slightly Decelerate In 2025

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(RTTNews) - SAP SE (SAP) reported fourth quarter profit after tax from continuing operations of 1.6 billion euros, up 35% from last year. Basic earnings per share - from continuing operations - was 1.37 euros compared to 1.05 euros. Non-IFRS operating profit was up 24% to 2.44 billion euros, and was up 24% at constant currencies. Non-IFRS basic earnings per share from continuing operations was 1.40 euros compared to 1.12 euros. Fourth quarter total revenue was 9.38 billion euros, up 11% from a year ago. Cloud revenue was up 27% to 4.71 billion euros, and was up 27% at constant currencies. Non-IFRS total revenue was 9.38 billion euros, up 11%, or up 10% in constant currency. In the fourth quarter, current cloud backlog grew by 32% to 18.08 billion euros, and was up 29% at constant currencies.

Full year 2024 non-IFRS operating profit increased 25% to 8.15 billion euros, and increased 26% at constant currencies. Non-IFRS basic earnings per share increased 22% to 4.53 euros. As of December 31, total cloud backlog was up 43% to 63.29 billion euros, and was up 40% at constant currencies.

For 2025, SAP now expects: 21.6 - 21.9 billion euros cloud revenue at constant currencies, up 26% to 28% at constant currencies; 33.1 - 33.6 billion euros cloud and software revenue at constant currencies, up 11% to 13% at constant currencies; and 10.3 - 10.6 billion euros non-IFRS operating profit at constant currencies, up 26% to 30% at constant currencies. The company expects current cloud backlog growth to slightly decelerate in 2025.

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