SAP, a business software supplier based in Germany, has reported revenue of €7.517 billion (+13 percent) during the second quarter of 2022.
The company’s cloud revenue climbed 34 percent to €3.06 billion euros ($3.12 billion) in the quarter. SAP said the current cloud backlog, which measures incoming business, was up 34 percent at €10.40 billion.
SAP’s cloud and software revenue rose 12 percent to €6.459 billion. SAP’s S/4HANA revenue surged 84 percent to €472 million. SAP S/4HANA current cloud backlog extends its growth trend, up 100 percent.
Walldorf, Germany-based SAP said it reaffirms 2022 revenue and free cash flow outlook.
Christian Klein, CEO of SAP, said: “Our transition to cloud is ahead of schedule and we have exceeded topline expectations, with cloud revenue becoming SAP’s largest revenue stream. Our pipeline is strong, and we are winning market share underpinned by the very strong 100 percent growth of S/4HANA current cloud backlog.”
More than 650 customers chose SAP S/4HANA, increasing total adoption to approximately 20,000 customers, up 15 percent, of which more than 14,500 are live. In the second quarter, more than 60 percent of the additional SAP S/4HANA customers were net new.
Customers around the globe chose RISE with SAP to drive business transformation, including ABB Information Systems, Bridgestone Australia, Capitec Bank, EisnerAmper, Hisense Group, Mitsubishi Materials Corporation, Moderna, Pitney Bowes, RWE, Sumitomo Rubber Industries, Zoomlion.
Customers expanded their SAP landscape: Microsoft invested in RISE with SAP, while GlobalFoundries, HeidelbergCement, Malaysia Airlines, and Mapletree Investments combined the RISE with SAP offering with further solutions.
Key customer wins across SAP’s solution portfolio included: ALTANA, Analog Devices, ASUS, BeiGene, Coop Genossenschaft, Corning, Ericsson, Fisker Inc., FUNKE Mediengruppe, Kyndryl, Moet Hennessy, Persan, PositivoTecnologia, Sportradar, Votorantim, Wieland-Werke. Antonio Puig, CONA Services, HCL Technologies, and Wittenstein all went live on SAP solutions in the second quarter.
SAP said it cloud revenue performance for the quarter was strong across all regions. Germany had an outstanding cloud revenue performance while the U.S., Brazil, Japan, India and Switzerland were particularly strong.