SAP Sees FY24 €29.5 Billion – €29.8 Billion Cloud And Software Revenue At Constant Currencies (2023: €26.92 Billion), Up 10% To 11% At Constant Currencies, Raising The Midpoint By €400 Million. The Previous Range Was €29.0 Billion – 29.5 Billion At Constant Currencies
Portfolio Pulse from Benzinga Newsdesk
SAP has updated its financial outlook for 2024, projecting increased cloud and software revenue, operating profit, and free cash flow at constant currencies. The company expects cloud and software revenue to rise by 10% to 11%, operating profit by 20% to 23%, and cloud revenue by 24% to 27%.
October 21, 2024 | 8:09 pm
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SAP has raised its 2024 financial outlook, expecting significant growth in cloud and software revenue, operating profit, and cloud revenue at constant currencies. This positive revision suggests strong business performance and potential stock price appreciation.
SAP's updated financial outlook for 2024 indicates strong expected growth in key financial metrics, such as cloud and software revenue and operating profit. The upward revision of these figures suggests improved business performance, which is likely to positively impact investor sentiment and the stock price in the short term.
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