Sap announces q4 and fy 2023 results

In € millions, unless otherwise stated; based on sap group results from continuing operations sap exceeds non-ifrs operating profit and cash flow outlook for fy 2023 cloud revenue up 20% and up 23% at constant currencies for fy 2023, underpinned by 25% cloud revenue growth at constant currencies in the fourth quarter current cloud backlog of €13.7 billion, up 25% and up 27% at constant currencies ifrs cloud gross profit up 23%, non-ifrs cloud gross profit up 23% and up 27% at constant currencies in fy 2023 ifrs operating profit down 5%, non-ifrs operating profit up 9% and up 13% at constant currencies in fy 2023 2024 outlook anticipates accelerating cloud revenue growth planned transformation program including restructuring in 2024 reflects focus on scalability of operations and business ai 2025 non-ifrs operating profit and free cash flow ambition updated to reflect updated non-ifrs definition as well as approximately half a billion euro of incremental efficiency gains from the program walldorf, germany , jan. 23, 2024 /prnewswire/ -- sap se (nyse: sap) announced today its financial results for the fourth quarter and fiscal year ended december 31, 2023. christian klein, ceo: "sap has delivered: we met or exceeded our outlook for 2023 in all key metrics.
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