SAP 2022: 11% revenue growth, 2.5% staff targeted by restructure | Computer Weekly
Summary
It is also exploring the sale of its share in Qualtrics, the online survey provider it bought for $8bn in 2019, under the leadership of Bill McDermott, and partially divested in 2020. As in previous quarterly statements, SAP noted the impact of the war in Ukraine and its decision to “wind down” its business operations in Russia and Belarus. These included ExxonMobil, Fujitsu Limited, the German Football Association (DFB), Lockheed Martin, Merck KGaA, the Munich Leukemia Laboratory, Port of Rotterdam, Renault Group and Swarovski. The supplier picked out Brazil, Germany and Japan as having “outstanding” cloud revenue performances, while China, India, the Netherlands, Switzerland and the US were particularly strong. It also highlighted the launch, in November 2022, of SAP Build, a low-code development platform it hopes will appeal to business users.