$SAP
Quarterly figures: Sales increase by 10% 📈

Europe's largest software vendor SAP today released its quarterly results for Q1 2023, reporting revenue of €7.44 billion, up 10% (9% in constant currency) year-over-year. Of particular note is the success of SAP's cloud software, which grew 24% year-over-year. Overall, SAP increased operating profit by 12% to €1.88 million. The quarterly results show that SAP continues to operate successfully in the cloud software industry and is adapting to the demands of the digital world.

What do you think about SAP's first quarter results? Do you think SAP can maintain this level and continue to grow in the future?

Source: https://news.sap.com/germany/2023/04/sap-veroeffentlicht-ergebnisse-fuer-q1-2023/

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