– Current Cloud Backlog and Cloud Revenue Growth Accelerates Sequentially
– Current Cloud Backlog Up 20% At Constant Currencies
– S/4HANA Current Cloud Backlog Up 48% At Constant Currencies
– Cloud Revenue Up 11% And 17% At Constant Currencies
– SaaS/PaaS Cloud Revenue Outside Intelligent Spend Up 20% And 25% At Constant Currencies
– EPS Up 57%; Non-IFRS EPS Up 50%
SAP SE announced its financial results for the second quarter ended June 30, 2021. Business Update Second Quarter 2021
Customers continue to choose SAP as they move to the cloud and transform their business processes. SAP is seeing strong demand and adoption of its ‘RISE with SAP’ offering which customers of all sizes are selecting to manage this transition. SAP is also seeing strong growth in current cloud backlog across its cloud portfolio including Business Technology Platform, Business Process Intelligence, Qualtrics, as well as Customer Experience. SAP had significant competitive wins in ERP, SuccessFactors, Commerce, Intelligent Spend, and across its broader cloud solution portfolio.
SAP’s cloud revenue growth accelerated sequentially. SAP saw the first signs of recovery in travel and expense management with the easing of global travel restrictions, which led to Concur stabilizing its sequential performance for the first time since the pandemic began. The Company’s Intelligent Spend category returned to growth but continued to be impacted by the COVID-19 crisis more than other SaaS/PaaS solutions.
