SAP(SAP) - 2023 Q3 - Quarterly Report
SAPSAP(SAP)2023-10-20 00:00

Exhibit 99.1 SAP Announces Q3 2023 Results ● Cloud revenue up 16% and up 23% at constant currencies ● Current cloud backlog of €12.3 billion up 19% and up 25% at constant currencies ● IFRS cloud gross profit up 21%, non-IFRS cloud gross profit up 21% and up 28% at constant currencies, supported by the expansion of cloud gross margin ● IFRS operating profit up 11%, non-IFRS operating profit up 10% and up 16% at constant currencies ● SAP reaffirms 2023 outlook in € millions, unless otherwise stated; based on ...