🔹 Adj. EPS: €1.44 (Est: €1.40) 🟢; ▲ +79% YoY
🔹 Revenue: €9.01B (Est: €9.55B) 🔴; ▲ +12% YoY
🔹 Cloud Revenue: €4.99B (Est: €5.05B) 🔴; ▲ +27% YoY
🔹 Cloud & Software Revenue: €7.94B (Est: €7.98B) 🟡; ▲ +14% YoY
🔹 Operating Profit (Non-IFRS): €2.46B; ▲ +60% YoY
🔹 Free Cash Flow: €3.58B; ▲ +36% YoY
Cloud Performance
🔹 Cloud ERP Suite Revenue: €4.25B; ▲ +34% YoY
🔹 Current Cloud Backlog: €18.2B; ▲ +28% YoY
🔹 Cloud Gross Margin (Non-IFRS): 75.0%; ▲ +2.5pp YoY
Operating Metrics
🔹 Operating Margin (Non-IFRS): 27.2%; ▲ +8.2pp YoY
🔹 Share of More Predictable Revenue: 86%; ▲ +2pp YoY
🔹 Operating Cash Flow: €3.78B; ▲ +31% YoY
Guidance FY 2025 (at Constant Currency)
🔹 Cloud Revenue: €21.6B – €21.9B (▲ +26% to +28%)
🔹 Cloud & Software Revenue: €33.1B – €33.6B (▲ +11% to +13%)
🔹 Operating Profit (Non-IFRS): €10.3B – €10.6B (▲ +26% to +30%)
🔹 Free Cash Flow: ~€8.0B (▲ +89% YoY)
CEO Commentary
🔸 “Q1 once again underlines that our success formula is working... our AI-powered portfolio enables companies to navigate supply chain disruptions in over 130 countries.” – Christian Klein, CEO
🔸 “Q1 marks a solid start to the year in a highly volatile environment... a testament to our cost discipline and focused execution.” – Dominik Asam, CFO