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SAP SE Q1'25 Earnings Highlights šŸ‡©šŸ‡Ŗ

$SAP (+3,1Ā %)


šŸ”¹ Adj. EPS: €1.44 (Est: €1.40) 🟢; ā–² +79% YoY

šŸ”¹ Revenue: €9.01B (Est: €9.55B) šŸ”“; ā–² +12% YoY

šŸ”¹ Cloud Revenue: €4.99B (Est: €5.05B) šŸ”“; ā–² +27% YoY

šŸ”¹ Cloud & Software Revenue: €7.94B (Est: €7.98B) 🟔; ā–² +14% YoY

šŸ”¹ Operating Profit (Non-IFRS): €2.46B; ā–² +60% YoY

šŸ”¹ Free Cash Flow: €3.58B; ā–² +36% YoY


Cloud Performance

šŸ”¹ Cloud ERP Suite Revenue: €4.25B; ā–² +34% YoY

šŸ”¹ Current Cloud Backlog: €18.2B; ā–² +28% YoY

šŸ”¹ Cloud Gross Margin (Non-IFRS): 75.0%; ā–² +2.5pp YoY


Operating Metrics

šŸ”¹ Operating Margin (Non-IFRS): 27.2%; ā–² +8.2pp YoY

šŸ”¹ Share of More Predictable Revenue: 86%; ā–² +2pp YoY

šŸ”¹ Operating Cash Flow: €3.78B; ā–² +31% YoY


Guidance FY 2025 (at Constant Currency)

šŸ”¹ Cloud Revenue: €21.6B – €21.9B (ā–² +26% to +28%)

šŸ”¹ Cloud & Software Revenue: €33.1B – €33.6B (ā–² +11% to +13%)

šŸ”¹ Operating Profit (Non-IFRS): €10.3B – €10.6B (ā–² +26% to +30%)

šŸ”¹ Free Cash Flow: ~€8.0B (ā–² +89% YoY)


CEO Commentary

šŸ”ø ā€œQ1 once again underlines that our success formula is working... our AI-powered portfolio enables companies to navigate supply chain disruptions in over 130 countries.ā€ – Christian Klein, CEO


šŸ”ø ā€œQ1 marks a solid start to the year in a highly volatile environment... a testament to our cost discipline and focused execution.ā€ – Dominik Asam, CFO

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