{"id":143932,"date":"2022-10-27T07:40:57","date_gmt":"2022-10-27T07:40:57","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=143932"},"modified":"2023-09-27T16:32:28","modified_gmt":"2023-09-27T16:32:28","slug":"sap-announces-third-quarter-2022-results","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2022\/10\/sap-announces-third-quarter-2022-results\/","title":{"rendered":"SAP Announces Third Quarter 2022 Results"},"content":{"rendered":"<p class=\"lead\"><em><strong>WALLDORF<\/strong> \u2014 <\/em> <a href=\"http:\/\/www.sap.com\/\">SAP SE<\/a> today announced its financial results for the third quarter ended September 30, 2022.<\/p>\n<h2><strong>SAP Announces Q3 2022 Results<\/strong><\/h2>\n<ul>\n<li>Cloud momentum continues to accelerate<\/li>\n<li>Cloud revenue up 38% and up 25% at constant currencies<\/li>\n<li>Current cloud backlog up 38% and up 26% at constant currencies<\/li>\n<li>SAP S\/4HANA current cloud backlog up 108% and up 90% at constant currencies<\/li>\n<li>IFRS cloud gross profit up 44%, non-IFRS cloud gross profit up 42% and up 30% at constant currencies<\/li>\n<li>IFRS operating profit down 1%, non-IFRS operating profit flat and down 8% at constant currencies<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.sap.com\/content\/dam\/site\/investors\/images\/2022\/sap-2022-q3-keyfacts-en.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"alignnone size-full wp-image-184473\" src=\"https:\/\/www.sap.com\/content\/dam\/site\/investors\/images\/2022\/sap-2022-q3-keyfacts-en.jpg\" \/><\/a><\/p>\n<blockquote><p>&#8220;Our cloud solutions are the answer, as customers turn to us to help them future-proof their businesses. This trust in SAP is reflected in our accelerating cloud momentum. With a recurring revenue share of more than 80%, it\u2019s clear that our transformation has reached an important inflection point, paving the way for continued growth in the future.&#8221;<\/p>\n<p><strong>Christian Klein, CEO<\/strong><\/p>\n<p>&#8220;We have delivered a strong cloud quarter with accelerating momentum across all key cloud indicators. We\u2019re at an important inflection point in our transformation which we anticipate will lead to accelerating revenue growth and double-digit operating profit growth in 2023.&#8221;<\/p>\n<p><strong>Luka Mucic, CFO<\/strong><\/p>\n<p>This article first appeared on the <a href=\"https:\/\/news.sap.com\/2022\/10\/sap-announces-third-quarter-2022-results\/\">SAP News Center.<\/a><\/p><\/blockquote>\n<p style=\"text-align: center\"><a class=\"button\" href=\"https:\/\/www.sap.com\/docs\/download\/investors\/2022\/sap-2022-q3-statement.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">TRead the Quarterly Statement<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WALLDORF \u2014 SAP SE today announced its financial results for the third quarter ended September 30, 2022. SAP Announces Q3 2022 Results Cloud momentum continues&#8230;<\/p>\n","protected":false},"author":29,"featured_media":143933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[19013],"tags":[8447,8434,5589705],"series":[],"sapn-display":[45149,5598743,5598741,279685],"sapn-type":[4446],"class_list":["post-143932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","tag-earnings","tag-investor-relations","tag-sap-investor-relations","sapn-display-homepage-hero","sapn-display-news-hero","sapn-display-news-spotlight","sapn-display-hero","sapn-type-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SAP Announces Third Quarter 2022 Results - SAP Africa News Center<\/title>\n<meta name=\"description\" content=\"SAP announced its financial results for the third quarter ended September 30, 2022, with continued cloud momentum\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/africa\/2022\/10\/sap-announces-third-quarter-2022-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAP Announces Third Quarter 2022 Results\" \/>\n<meta property=\"og:description\" content=\"SAP announced its financial results for the third quarter ended September 30, 2022, with continued cloud momentum\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/africa\/2022\/10\/sap-announces-third-quarter-2022-results\/\" \/>\n<meta property=\"og:site_name\" content=\"SAP Africa News Center\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T07:40:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-27T16:32:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/africa\/files\/2022\/10\/27\/293310_GettyImages-1254593379_medium_jpg-1024x768.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SAP News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SAP News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/2022\\\/10\\\/sap-announces-third-quarter-2022-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/2022\\\/10\\\/sap-announces-third-quarter-2022-results\\\/\"},\"author\":{\"name\":\"SAP News\",\"@id\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/#\\\/schema\\\/person\\\/53b9854bd790d6f18f3fc4bbb2ad7570\"},\"headline\":\"SAP Announces Third Quarter 2022 Results\",\"datePublished\":\"2022-10-27T07:40:57+00:00\",\"dateModified\":\"2023-09-27T16:32:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/2022\\\/10\\\/sap-announces-third-quarter-2022-results\\\/\"},\"wordCount\":201,\"image\":{\"@id\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/2022\\\/10\\\/sap-announces-third-quarter-2022-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/files\\\/2022\\\/10\\\/27\\\/293310_GettyImages-1254593379_medium_jpg.jpg\",\"keywords\":[\"Earnings\",\"Investor Relations\",\"SAP Investor Relations\"],\"articleSection\":[\"Corporate\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/2022\\\/10\\\/sap-announces-third-quarter-2022-results\\\/\",\"url\":\"https:\\\/\\\/news.sap.com\\\/africa\\\/2022\\\/10\\\/sap-announces-third-quarter-2022-results\\\/\",\"name\":\"SAP Announces Third Quarter 2022 Results - 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