In this Cloud Wars Minute, Bob Evans reviews SAP’s Q1 growth rates and total revenue.
Highlights
00:35 — SAP released its Q1 numbers recently, and its S/4HANA Cloud revenue was up 77%, for a total revenue of $788 million.
01:00 — SAP’s total revenue for the quarter was up 10% to $8.19 billion. Within that, cloud revenue was up 24%, to $3.5 billion. SAP’s current cloud backlog is up 25% to $12.3 billion.
01:33 — The S/4HANA Cloud backlog was up 78% for a total of $3.76 billion. The business technology platform and SAP Signavio were up 47% for a total of $530 million. Finally, SAP is selling its stake in Qualtrics, which will yield about $7.7 billion.
02:34 — There continues to be demand for SAP, as demonstrated by these Q1 numbers. Bob notes how SAP’s backlog numbers for Q1 “have great indications of future growth for its overall cloud business and particularly for its cloud ERP business.”
