SAP Q1 2022: Revenue up 11%, Ukraine war impact projected to be €300m

▤ Summary

Its CEO, Christian Klein, put out a statement on 2 March, Standing in solidarity, which expressed support for western government economic sanctions against the Russian Federation, and announced a battery of humanitarian aid efforts, including the opening up of SAP offices as shelter for refugees. Accenture, Canon Production Printing, Daimler Truck AG, Grupo Estrella Blanca, NEC Corporation and Wipro Limited were among the international customers cited as Rise adoptees. “Customers powered another quarter of strong cloud growth as they turned to us for solutions to make their businesses more sustainable, their supply chains more resilient and their enterprises more future-proof,” said Klein. “Our signature ERP offering, SAP S/4Hana, grew at record levels, demonstrating the confidence customers place in us to support their business transformations.” And Luka Mucic, chief financial officer, said: “We are off to a solid start to the year and our outlook remains strong. Current cloud backlog grew at a healthy rate and continues to support our confidence in our long-term plans and outlook for the year.” Also noted in the statement is a partnership, announced on 22 March, between the supplier and strategy consultancy BCG, oriented towards sustainability.

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