WALLDORF — SAP SE (NYSE: SAP) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2021.
SAP Reports Q4 and FY 2021 Results With Record Cloud Performance
- Exceeds High End of Outlook for Cloud & Software Revenue and Operating Profit
- Tremendous growth of SAP S/4HANA Cloud driven by ‘RISE with SAP’
- Strong, accelerating cloud growth reflected in 2022 outlook, targeting up to 26% cloud revenue growth at constant currencies
“The magnitude of our cloud strength is evident. More and more companies are choosing SAP to help them transform their businesses, build resilient supply chains and become sustainable enterprises as they move to the cloud. This momentum is reflected in the tremendous success of “RISE with SAP”, our signature cloud offering, as well as excellent growth across our entire portfolio. Our growth acceleration points to even greater potential ahead.”
Christian Klein, CEO
“I am proud that our team has delivered an exceptional year with strong results, far exceeding our expectations. After three quarters of home runs with our cloud momentum, we hit it out of the park this quarter. We are confident that we will continue our Q4 current cloud backlog growth in 2022. This is reflected in our accelerated cloud guidance for 2022 as we make great progress towards our mid-term ambition.”
Luka Mucic, CFO
This article first appeared on the SAP News Center.