Introduction
SAP presented impressive business figures in the first quarter of 2025, positioning the company as a leading corporation in the DAX and as the most valuable company in Europe. These strong figures confirm SAP’s leadership position in the European technology sector and its role as an innovation leader in enterprise software.
Revenue and Profit Development
Revenue increased by 12% to €9.01 billion. Additionally, the adjusted operating profit rose by 58% to €2.46 billion. The earnings per share on a Non-IFRS basis amounted to €1.44, nearly 80% more than the previous year and significantly above analysts’ expectations.
Strong Cash Flow
The operating cash flow saw an increase of 31% to €3.78 billion, highlighting SAP’s financial stability.
Cloud Business as Growth Driver
The cloud business proved to be the main growth driver with a 27% increase in cloud revenues to nearly €5 billion. Particularly, the core business Cloud ERP showed remarkable growth of 34% and a cloud gross margin of 75%.
Increasing Customer Base
The cloud backlog increased by 29% to €18.2 billion. Major customers such as Hyundai, Hugo Boss, and Deutsche Bahn are strengthening their commitment to SAP solutions, ensuring a stable customer base in regions like Europe and Asia.
Efficiency Improvements and Future Outlook
Efficiency improvements through restructuring and an increased focus on Artificial Intelligence (AI) have led to positive effects. These strategies clearly position SAP at the forefront of the European technology sector.
Key Facts about SAP Q1/2025
| Metric | Value |
|---|---|
| Revenue | +12%, approx. €9 billion |
| Adjusted Operating Profit | +58%, €2.46 billion |
| Non-IFRS Earnings per Share | +80%, €1.44 |
| Operating Cash Flow | +31%, €3.78 billion |
| Cloud Revenue Growth | +27%, approx. €5 billion |
| Cloud ERP Growth | +34% |
| Cloud Gross Margin | approx. 75% |
| Backlog (Cloud) | +29%, €18.2 billion |
These results reflect a strong market position and a clear growth strategy, with a focus on digitization and AI-driven innovations.