The earnings call highlighted significant achievements in cloud growth, AI innovation, and operational efficiency, positioning SAP strongly for future growth. Despite the decrease in software licenses revenue and challenges with some customer transitions, the positive outcomes and strategic advancements suggest a predominantly positive outlook.

Company Guidance

During the SAP Q4 2024 earnings call, significant guidance was provided, focusing on key financial metrics and strategic directions. SAP reported a total cloud backlog of €63 billion at the end of 2024, marking a 40% increase year-on-year. This growth underscores SAP's transformation success, with cloud revenue expanding by 27% in Q4 and driving double-digit total revenue growth for the third consecutive quarter. The company achieved a total revenue of over €34 billion for the year, up by 10%, primarily fueled by the strong performance of the cloud ERP suite, which grew by 34%. The cloud gross margin improved by 1.4 percentage points to 73.3%, contributing to a 26% increase in non-IFRS operating profit, reaching €8.2 billion. SAP also highlighted an 83% recurring revenue share, indicating a more resilient growth trajectory. Looking ahead, SAP expects accelerated double-digit total revenue growth and operating profit expansion through 2027, driven by innovations in AI and strategic commercial initiatives.

Record Cloud Backlog

SAP's total cloud backlog reached €63 billion at the end of 2024, a 40% increase over the previous year.

Strong Cloud Revenue Growth

Cloud revenue expanded by 27% in Q4 2024, contributing to double-digit total revenue growth for the third consecutive quarter.

AI Innovation and Adoption

Approximately half of SAP's cloud order entries in Q4 included AI use cases, demonstrating successful rollout of business AI innovations.

Customer Wins and Go-Lives

SAP secured significant deals with major companies like BP, Total Energies, BASF, IBM, and General Motors, illustrating strong market positioning.

Improved Cloud Gross Margin

Non-IFRS cloud gross margin expanded by 1.4 percentage points to 73.3% in 2024, driven by strong cloud revenue performance.

AI-Driven Operational Efficiency

SAP achieved an operational efficiency effect worth €300 million in 2024 through AI implementations, with expectations to exceed €0.5 billion in the near future.

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SAP AG (SAP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SAP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 22, 2025	2025 (Q1)	1.40 / -	0.867	―	―	―
Jan 28, 2025	2024 (Q4)	1.40 / 1.46	1.537	-5.07% (-0.08)
Oct 21, 2024	2024 (Q3)	1.30 / 1.33	1.532	-13.19% (-0.20)
Jul 22, 2024	2024 (Q2)	1.15 / 1.19	1.193	0.00% (0.00)
Apr 22, 2024	2024 (Q1)	1.06 / 0.87	1.394	-37.80% (-0.53)
Jan 23, 2024	2023 (Q4)	1.72 / 1.54	1.085	41.66% (+0.45)
Oct 18, 2023	2023 (Q3)	1.43 / 1.53	1.115	37.40% (+0.42)
Jul 20, 2023	2023 (Q2)	1.29 / 1.19	0.978	21.98% (+0.22)
Apr 21, 2023	2023 (Q1)	1.20 / 1.39	1.078	29.31% (+0.32)
Jan 26, 2023	2022 (Q4)	1.45 / 1.08	2.074	-47.69% (-0.99)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SAP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	$275.60	$273.79	-0.66%
Oct 21, 2024	$229.48	$232.32	+1.24%
Jul 22, 2024	$200.47	$214.76	+7.13%
Apr 22, 2024	$176.58	$186.32	+5.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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