🎉 Thrilled to share that SAP has kicked off 2024 on a high note! The recent numbers published on the SAP Investor Relations page showcase some impressive growth. Here are my top three takeaways: 1️⃣ Cloud revenue has soared by 24%, rising to 25% at constant currencies, a growth that's been significantly propelled by a 32% increase in Cloud ERP Suite revenue at constant currencies. 2️⃣ Very robust increase in current cloud backlog, which now stands at an impressive €14.2 billion. This translates to an strong growth of 27%, or 28% at constant currencies. 3️⃣ In line with this strong start, the 2024 outlook was reaffirmed. Find out more here: https://lnkd.in/efuiBYS4 #SAP #CloudComputing #ERP #Growth
🚀 Our Q1 2024 results are out, and we are off to a great start this year. SAP is focusing on strategic growth drivers, especially BusinessAI, cross selling and new customers in the mid-market. In Q1 the newly introduced KPI ‘Cloud ERP Suite’ showed unabated growth momentum of 32% at cc ⏫. Read the results here: https://sap.to/6042b5yW0
