SAP Announces Q4 and FY 2024 Results
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SAP SE announced its Q4 and FY 2024 results, meeting or exceeding all financial outlook parameters. The company reported significant growth in its cloud backlog and revenue, with a notable increase in cloud ERP Suite revenue. Despite a decrease in IFRS operating profit, non-IFRS operating profit saw a substantial rise. The outlook for 2025 anticipates further acceleration in cloud revenue growth.
January 28, 2025 | 5:15 am
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SAP SE reported strong FY2024 results with significant growth in cloud backlog and revenue. Despite a drop in IFRS operating profit, non-IFRS profit increased. The 2025 outlook is positive for cloud revenue growth.
SAP's strong financial performance in FY2024, particularly in cloud services, is likely to positively impact its stock price. The significant growth in cloud backlog and revenue, along with a positive outlook for 2025, suggests continued investor confidence and potential stock appreciation.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100