Connect with us

SAP Raises 2025 Revenue Outlook


SAP Raises 2025 Revenue Outlook

SAP on Tuesday raised its 2025 total revenue outlook for continuing operations by around EUR 4 billion (USD 4.40 billion) and announced a share buyback of up to EUR 5 billion, boosted by strong demand for its cloud business.

For 2025, the company now expects revenue of more than EUR 37.5 billion with cloud revenue of more than EUR 21.5 billion. It now sees non-IFRS operating profit of around EUR 11.5 billion.

“Our strong, resilient cloud growth drives accelerating total revenue and operating profit growth,” Chief Executive Christian Klein said in a statement.

The business software maker also launched a share repurchase program of up to EUR 5 billion scheduled to start in the second half of 2023, citing strong business momentum and anticipated divestiture of the Qualtrics business, expected in the second half of the year.

Last month, SAP reported first-quarter revenue above analysts’ expectations, backed by 24 per cent growth in its cloud business revenue.


Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Latest

To Top