July 23, 2024 - $SAP SE (SAP.US)$shares surged 6.07% to $212.63 in pre-market trading on Tuesday. The company announced its financial results for the second quarter ended June 30, 2024.
Financial Highlights
Current cloud backlog of €14.8 billion, up 28%, both at nominal and constant currencies.
Cloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currencies.
Total revenue up 10%, both at nominal and constant currencies.
IFRS cloud gross profit up 29%, non-IFRS cloud gross profit up 28% and up 29% at constant currencies.
IFRS operating profit down 11% due to restructuring expenses of €0.6 billion. Non-IFRS operating profit up 33% and up 35% at constant currencies.
2024 financial outlook reiterated. 2025 operating profit ambition increased to reflect anticipated incremental efficiency gains from expanded transformation program.
“Our cloud growth momentum remained strong in Q2, with Business AI enabling many deals. We continue to execute on our transformation with great discipline, leading to an increase in our operating profit ambition for 2025. At the same time, we continue to invest into our transformation to be the leader in Business AI. Given our progress and strong pipeline, we are confident to achieve accelerating topline growth through 2027.” said Christian Klein, CEO of SAP SE.
Share Repurchase Program
In May 2023, SAP announced a share repurchase program with an aggregate volume of up to €5 billion and a term until December 31, 2025. As of June 30, 2024, SAP had repurchased 12,895,525 shares at an average price of €145.20 resulting in a purchased volume of approximately €1.87 billion under the program.
Financial Outlook 2024
€17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.
€29.0 – 29.5 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 8% to 10% at constant currencies.
€7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion), up 17% to 21% at constant currencies.
Free cash flow of approximately €3.5 billion (2023: €5.09 billion).
An effective tax rate (non-IFRS) of approximately 32% (2023: 30.3%).
About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience.
2024年7月23日 - $SAP SE (SAP.US)$週二的美股盤前交易中，該公司股價大漲6.07%，達到212.63美元。該公司公佈了截至2024年6月30日的第二季度財務業績。
財務亮點
當前雲服務待定訂單148億歐元，同比增長28%，均爲名義貨幣和恒定貨幣。
雲服務收入同比增長25%，其中雲ERP套件收入增長33%，均爲名義貨幣和恒定貨幣。
總收入同比增長10%，均爲名義貨幣和恒定貨幣。
IFRS雲計算毛利率增長29%，非IFRS雲計算毛利率增長28%，恒定貨幣下增長29%。
由於重組費用爲6億歐元，IFRS營業利潤同比下降11%。非IFRS營業利潤同比增長33%，恒定貨幣下增長35%。
重申2024年財務展望。由於擴大轉型計劃預期的遞增效益，2025年營業利潤目標提高。
“我們的雲服務增長勢頭在第二季度仍然很強，業務AI使許多交易成爲可能。我們繼續以嚴格的紀律執行我們的轉型計劃，將2025年的營業利潤目標提高。同時，我們繼續投資於我們的轉型計劃，成爲商業AI領域的領導者。鑑於我們的進展和強勁的訂單，我們有信心在2027年實現加速的收入增長。” SAP SE CEO Christian Klein表示。
股份回購計劃
2023年5月，SAP宣佈了一項股票回購計劃，總成交量高達50億歐元，期限爲2025年12月31日。截至2024年6月30日，SAP以平均145.20歐元的價格回購了12,895,525股份，回購成交量爲約18.7億歐元。
2024年財務展望
2023年時，雲財務收入將達到貨幣不變條件下的170億-173億歐元，按貨幣不變條件計，將增長24%至27%。
2024年固定匯率下雲和軟件營業收入約29.0 - 295億歐元（2023年：269.2億歐元），固定匯率下同比增長8%至10%。
2024年固定匯率下非IFRS營業利潤約7.6 - 79億歐元（2023年：65.1億歐元），固定匯率下同比增長17%至21%。
自由現金流約35億歐元（2023年：50.9億歐元）。
有效稅率（非IFRS）約爲32%（2023年：30.3%）。
關於SAP：SAP（NYSE：SAP）是企業應用程序和商業AI的全球領導者，站在商業和技術的交匯點上。五十多年來，組織一直信賴SAP運用財務、採購、人力資源、供應鏈和客戶體驗等關鍵業務對企業進行最大化的融合，以帶出最優良的結果。欲了解更多信息，請訪問官網。
作爲企業應用和商業AI的全球領袖，SAP（紐交所：SAP）處於業務和技術的交界處。50多年來，企業一直信任SAP通過合併跨越財務、採購、人力資源、供應鏈和客戶體驗的關鍵業務運營，發揮他們的最佳狀態。
