SAP SE (NYSE:SAP ) Q1 2025 Earnings Conference Call April 22, 2025 5:00 PM ET Company Participants Alexandra Steiger - Investor Relations Christian Klein - Chief Executive Officer Dominik Asam - Chief Financial Officer Conference Call Participants Michael Briest - UBS Ben Castillo - BNP Paribas Toby Ogg - JPMorgan Charlie Brennan - Jefferies Mohammed Moawalla - Goldman Sachs Adam Wood - Morgan Stanley Jackson Ader - KeyBanc Capital Markets Frederic Boulan - Bank of America Mark Moerdler - Bernstein Research Sven Merkt - Barclays Keith Bachman - BMO Alexandra Steiger Good evening, everyone, and welcome. Thank you for joining us.
Sales from the business-software company's core cloud business rose to 4.99 billion euros from 3.93 billion euros while total revenue rose to 9.01 billion euros compared with 8.04 billion euros in the prior-year period.
SAP's first-quarter performance is expected to have been cushioned by steady momentum in the cloud business amid prevailing global macroeconomic turbulence.
The latest tariffs have intensified market volatility, with tech stocks underperforming, yet the sector's valuation correction presents a lower risk of further massive corrections. SAP's robust cloud growth, driven by AI and ERP advancements, has led to significant revenue increases, outperforming peers and contributing to strong future guidance. Despite a decline in SAP's 2024 operating profit due to restructuring, the company forecasts a substantial profit rebound in 2025, bolstered by cloud and AI technologies.
Software-maker SAP became Europe's most valuable company this week, riding a wave of artificial intelligence enthusiasm and German stock market gains. CEO Christian Klein previously told CNBC that SAP had the "richest business data set of all tech companies" which was allowing it to deliver a multitude of new AI services.
German software giant SAP has overtaken Denmark's Novo Nordisk (NYSE:NVO) to become Europe's largest company by market cap. SAP's market cap of $340 billion edged past the maker of weightloss drugs, according to Reuters calculations using LSEG data.
German software company SAP overtook Danish healthcare company Novo Nordisk as Europe's largest company by market cap on Monday.
Philipp Herzig, global chief artificial intelligence officer and chief technology officer at SAP Global, discusses the company's AI-first strategy and how its AI agents are benefiting clients.
SAP SE (NYSE:SAP ) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 6:20 PM ET Company Participants Muhammad Alam - Lead Product Engineering Conference Call Participants Adam Wood - Morgan Stanley Adam Wood Okay. Great. I'll start this next session off.
SAP Canada launches SAP Sovereign Cloud, a service that aids Canadian organizations in meeting strict data security, legal and operational requirements.
SAP's performance is driven by strengthening its cloud business. Global macroeconomic weakness and tough competition in the cloud space are concerns.
SAP and Databricks announced a new partnership and product that makes it easier for customers to unify all their data by combining their SAP data with the rest of their enterprise data.