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1/27, 7:04 AM (Source: TeleTrader)
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SAP's Q4 revenue at €7.98 billion, 6% YoY

SAP SE unveiled on Thursday that its total revenue for the fourth quarter of the fiscal year increased 6% when compared to the same period last year to stand at €7.98 billion.

At the same time, basic earnings per share (EPS) fell 23% year-over-year to €1.24. Meanwhile, operating profit dropped from €2.7 billion to €1.5 billion, constituting a 45% per annum decline.

SAP CFO Luka Mucic, commented on the results: "After three quarters of home runs with our cloud momentum, we hit it out of the park this quarter. We are confident that we will continue our Q4 current cloud backlog growth in 2022. This is reflected in our accelerated cloud guidance for 2022 as we make great progress towards our mid-term ambition."

Baha Breaking News (BBN) / JG