SAP posts 3% drop in revenue to €6.34 bn despite acquisitions

Business software major SAP reported 3 percent drop in revenue to €6.348 billion in Q1 2021 despite a series of acquisitions recently.
SAP HANA business customers
SAP completed the acquisition of Signavio on March 5, significantly deepening SAP’s business process intelligence capabilities.

SAP closed the acquisition on AppGyver, a no-code development pioneer. AppGyver’s solutions will become part of the SAP Business Technology Platform.

Key customer wins included: Unilever, BioNTech, IKEA, Nippon Express, BMW, Yamaha Motor Company, Toshiba Corporation, AstraZeneca, Zalando, Deichmann, B. Braun, and Clemson University. AkzoNobel, CONA Services, Daikin Chemicals, Olam International, Google, Bosch Siemens Hausgeräte, Douglas, LIVEKINDLY Collective, Peloton, and Chobani went live on SAP solutions.

In total, more than 400 S/4HANA customers were added in the quarter, taking total adoption to more than 16,400 customers, up more than 16 percent year over year, of which more than 9,600 are live. In the first quarter, more than 50 percent of the additional S/4HANA customers were net new.

SAP said current cloud backlog was up 15 percent to €7.63 billion. Cloud revenue was up 7 percent year over year to €2.14 billion. Software licenses revenue was up 7 percent to €0.48 billion. Cloud and software revenue was up 1 percent to €5.43 billion.

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