Sap announces q1 2024 results

Cloud revenue up 24% and up 25% at constant currencies, supported by 32% cloud erp suite revenue growth at constant currencies current cloud backlog of €14.2 billion, up 27% and up 28% at constant currencies ifrs cloud gross profit up 27%, non-ifrs cloud gross profit up 27% and up 28% at constant currencies ifrs operating loss of –€0.8 billion due to a €2.2 billion restructuring provision non-ifrs operating profit up 16% and up 19% at constant currencies even including higher share-based compensation resulting from strong share price increase outlook 2024 reaffirmed walldorf, germany , april 22, 2024 /prnewswire/ -- sap se (nyse: sap) announced today its financial results for the first quarter ended march 31, 2024. christian klein, ceo: we're off to a great start in 2024 and we're confident we'll achieve our goals for the year.
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