SAP Reiterates 2024 Financial Outlook; Sees FY24 €17 Billion – 17.3 Billion Cloud Revenue, Sees €7.6 Billion – 7.9 Billion Non-IFRS Operating Profit, Sees FY24 €29 Billion - €29.5 Billion Cloud And Software Revenue At Constant Currencies; Sees FY25 Non-IFRS Operating Profit Of ~€10.2 Billion, Sees FY25 Cloud Revenue Of More Than €21.5 Billion
Portfolio Pulse from Benzinga Newsdesk
SAP has reiterated its financial outlook for 2024 and updated its ambitions for 2025. For 2024, SAP expects cloud revenue between €17 billion and €17.3 billion, non-IFRS operating profit between €7.6 billion and €7.9 billion, and cloud and software revenue between €29 billion and €29.5 billion. For 2025, SAP anticipates non-IFRS operating profit of approximately €10.2 billion and cloud revenue of more than €21.5 billion.
July 22, 2024 | 8:12 pm
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SAP has reiterated its financial outlook for 2024 and updated its ambitions for 2025. The company expects significant growth in cloud and software revenue, as well as an increase in non-IFRS operating profit.
SAP's reiterated financial outlook for 2024 and updated ambitions for 2025 indicate strong growth expectations in key revenue areas. This positive outlook is likely to boost investor confidence and positively impact SAP's stock price in the short term.
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