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John Miller, Softletter100

John Miller, Softletter100

Rick Chapman

Rick Chapman

Softletter100

SAP record Fastest Growth in New Cloud Business in Five Years

SAP post strong Q1 cloud results

  • S/4HANA Current Cloud Backlog Up 43% At Constant Currencies
    Highlighting SAP’s Accelerated Cloud Transition
  • IFRS EPS Up 29%; Non-IFRS EPS Up 63%
  • Operating Cash Flow Up 3% To €3.09 Billion; Free Cash Flow Up 10% to €2.85 Billion

The first quarter of 2021 was unique in many ways. We had the highest order entry growth across cloud and software in five years while posting the strongest increase in Non-IFRS operating profit and margin in a decade. Free cash flow was up double-digit compared to a record prior year. In the mid term SAP’s expedited shift to the cloud will accelerate topline growth and significantly increase the resiliency and predictability of our business.”

Luka Mucic, CFO

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