SAP Earnings: On-Premise Revenues Contract, On-Demand Sales Accelerate
First quarter results for SAP AG (SAP), reported on April 17, fell short of analyst expectations. The German software developer reported IFRS revenues of €3.7 billion ($5.11 billion U.S.) compared to our estimate of €3.8 billion ($5.25 billion U.S.). Consensus first quarter estimates for SAP also were approximately €3.8 billion. Non-IFRS revenues, which exclude currency fluctuations and deferred revenue adjustments, expanded 6% to reach €3.9 billion ($5.39 billion U.S.) for the first quarter.
SAP News
SAP Enables Developers to Drive the Agentic AI Revolution
From the keynote stage at SAP TechEd Berlin, SAP executives announced a slew of new tools, product enhancements, and partnerships.SAP Expands Physical AI Partnerships and Demonstrates Success of New Robotics Pilots
Accelerating autonomous operations across manufacturing, logistics, and field services.Introducing SAP Snowflake, New Data Fabric Innovations for SAP Business Data Cloud and SAP HANA Cloud
For decades, data has been the backbone of innovation. And in today’s AI-enabled economy, its role has never been more vital. Now, data must be...Groups
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