SAP Announces Q4 and FY 2022 Results
All financial outlook metrics met in FY 2022
Cloud revenue up 33% and up 24% at constant currencies in FY 2022. Q4 S/4HANA cloud revenue further accelerates, up 101% and up 90% at constant currencies
Current cloud backlog exceeds
IFRS cloud gross profit up 38%, non-IFRS cloud gross profit up 37% and up 28% at constant currencies in FY 2022
IFRS operating profit flat, non-IFRS operating profit down 2% and down 7% at constant currencies in FY 2022. Q4 IFRS operating profit up 17%, non-IFRS operating profit up 5% and up 2% at constant currencies
2023 outlook anticipates accelerating topline and double-digit non-IFRS operating profit growth
Targeted restructuring in 2023 reflects focus on strategic growth areas and accelerated cloud transformation
SAP has decided to explore a sale of its stake in
'SAP is more resilient than ever. We end 2022 with continued strong cloud momentum and a return to operating profit growth in the fourth quarter, marking an important inflection point. Heading into 2023, this gives us great confidence in delivering on our promise of accelerating topline and double-digit non-IFRS operating profit growth. As we enter the next chapter of SAP, I want to thank Luka for his great partnership on this journey.'
'In my 37th and final earnings for SAP, I am proud that the SAP team is announcing excellent results and continued cloud momentum. We are on track to deliver our growth and profitability commitments for 2023. I am extremely confident in the continued success of SAP's most exciting transformation in its history. Thank you to the wonderful SAP family that I have been part of for 27 years.'
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