| SAP SE (DE0007164600) | |||
255,60 EURStand (close): 01.07.25 |
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| 28.06.25 09:41:35 | SAP Taulia (SAP) Partners with PayMate to Enhance B2B Payment Solutions |  |
| SAP SE (NYSE:SAP) is one of the 12 stocks that will make you rich in 10 years. On June 23, SAP Taulia, a subsidiary of SAP SE, announced a partnership with PayMate, a business-to-business (B2B) payment solutions provider. According to the agreement, PayMate’s payment infrastructure has been made available to SAP Taulia’s customers.SAP Taulia (SAP) Partners with PayMate to Enhance B2B Payment Solutions drserg/Shutterstock.com The integration will allow users to access a broader range of payment options, including bank transfers and virtual card payments. For instance, suppliers can now receive virtual card payments directly into their bank accounts without requiring manual intervention. The partnership also enables businesses to leverage their existing credit lines to optimize working capital, streamline supplier payments, and enhance overall financial efficiency. SAP Taulia stated that businesses will benefit from the improved platform, which will provide greater control and visibility in their financial operations. Additionally, the new platform streamlines payment processes and enhances payment security. Danielle Weinblatt, Chief Product Officer at SAP Taulia, stated that the partnership provides customers with “future-forward ways to manage supplier payments” and strengthens their ability to offer flexible and efficient solutions across geographies. She emphasized unlocking liquidity trapped in supply chains. SAP SE (NYSE:SAP) is a German enterprise software company. It develops and sells cloud-based and on-premise solutions that help businesses manage operations like finance, supply chain, HR, and customer experience. Its core products include SAP S/4HANA (ERP), SuccessFactors (HR), Ariba (procurement), Concur (travel and expense), and SAP Analytics Cloud. While we acknowledge the potential of SAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Value Penny Stocks to Buy According to Analysts and 12 Best Augmented Reality Stocks to Buy According to Analysts. Disclosure: None. View Comments |
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| 24.06.25 22:06:25 | Sap Se (SAP) Business Suite Delivers End-to-End, AI-Enabled Enterprise Management | |
| SAP SE (NYSE:SAP) is one of the 12 best cryptocurrency and blockchain stocks to buy. On June 18, the company confirmed its SAP Business Suite can drive innovation by uniting core business applications, data, and artificial intelligence capabilities. The integrated system optimizes every business aspect, enabling smarter decisions, real-time insights, and intelligent automation.Sap Se (SAP) Business Suite Delivers End-to-End, AI-Enabled Enterprise Management A data centre room with cloud technology, illustrating the enterprise application software services. At the SAP Saphire in 2025, the company touted the key benefits of the suite, which include harmonized SAP Business Suite user experience, seamless end-to-end processes, and structured and guided transformation journeys. The SAP Business Suite’s unified, user-friendly interface makes it simple for users to handle complicated procedures, resulting in a more efficient workflow that can boost productivity. With intelligent apps for decision-making and action, SAP Business Suite will elevate the experience and assist guarantee that business users’ demands are met. When used in the context of an end-to-end business process, intelligent apps fed by various data products from pertinent business domains can offer business users thorough insight. SAP SE (NYSE:SAP) is a technology company that leverages blockchain technology to enhance its enterprise resource planning (ERP) systems and other solutions. It also offers blockchain-as-a-service through the SAP Cloud Platform Blockchain, enabling businesses to integrate blockchain with existing systems. While we acknowledge the potential of SAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Undervalued Financial Stocks to Buy According to Analysts and 11 Best Industrial Stocks to Buy Right Now. Disclosure: None. View Comments |
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| 20.06.25 13:33:15 | Warburg Research Raises PT on SAP (SAP), Maintains Buy |  |
| SAP SE (NYSE:SAP) is one of the 10 software stocks analysts are upgrading. On June 13, research firm Warburg Research upped the price objective on the company’s stock from €275 to €295, while maintaining a “Buy” rating. The firm’s analyst, Andreas Wolf, sees further cloud growth and margin improvements, which led to the increase in long-term estimates. Furthermore, the analyst opines that AI is expected to fuel growth further and make software development more efficient.Warburg Research Raises PT on SAP (SAP), Maintains Buy A data centre room with cloud technology, illustrating the enterprise application software services. In Q1 2025, SAP SE (NYSE:SAP)’s current cloud backlog expanded 29% at constant currencies and the total revenue encountered a double-digit increase. With a share of more predictable revenue of 86%, the business model is resilient in uncertain times. Furthermore, SAP SE (NYSE:SAP)’s AI-powered portfolio allows companies to navigate supply chain disruptions in more than 130 countries. In Q1 2025, the company’s cloud and software revenue rose 14% to €7.94 billion, and was up 13% at constant currencies. In January 2024, SAP SE (NYSE:SAP) announced a company-wide restructuring program, which was concluded in Q1 2025. The restructuring payouts came in at €2.5 billion for FY 2024 and €0.3 billion for Q1 2025. Furthermore, ~€0.4 billion is anticipated to be paid out in the balance of 2025. SAP SE (NYSE:SAP) offers enterprise applications and business solutions. While we acknowledge the potential of SAP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. View Comments |
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| 17.06.25 17:48:08 | Novo Nordisk Reclaims Top Spot in Europe by Market Value | |
| Novo Nordisk A/S (NYSE:NVO) is among the best bear market stocks to buy according to analysts. Novo Nordisk A/S (NYSE:NVO) has reclaimed its crown as Europe’s most valuable publicly traded company, surpassing German software giant SAP SE (ETR:SAPG). With a market capitalization of $355.904 billion, the giant’s stock surged by nearly 10% in the last five days. Two major developments have taken place in recent days. Firstly, Novo Nordisk A/S (NYSE:NVO) has revealed its plan to advance its amycretin treatments into Phase 3 clinical trials for weight management. By the first quarter of 2026, the company expects to launch a Phase 3 development program for amycretin aimed at overweight or obese adults.Was Jim Cramer Right About Novo Nordisk A/S (NVO)? An elderly couple receiving insulin from a pharmacist, representing healthcare company's successful pharmaceutical products. Secondly, the Financial Times reported that activist hedge fund Parvus Asset Management has purchased shares of the company, which further boosted investor confidence. Moves like these signal that Novo Nordisk A/S (NYSE:NVO) is truly a leader in the market. Novo Nordisk A/S (NYSE:NVO) is a Denmark-based company that engages in the research and development, manufacture, and commercialization of pharmaceutical products. Founded in 1923, it has two main segments: Diabetes and Obesity Care, and Rare Diseases. While we acknowledge the potential of NVO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. View Comments |
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| 23.04.25 12:13:00 | SAP Stock Soars on Earnings Beat. What That Means for IBM, Oracle, and Microsoft. | |
| STOCKSTOWATCHTODAY BLOG SAP stock surged Wednesday after the German software company reported better-than-expected first-quarter earnings, potentially boding well for peers such as IBM, Oracle and Microsoft SAP’s quarterly adjusted earnings per share rose 79% to 1. Continue Reading View Comments |
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| 23.04.25 09:11:00 | SAP Shares Jump After Earnings Beat Forecasts Despite Tariff Uncertainty | |
| Shares surged after the business-software group posted operating profit that beat analysts’ expectations and backed its full-year guidance, reassuring investors. Continue Reading View Comments |
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| 23.04.25 09:05:03 | Stocks to Watch Wednesday: Tesla, SAP, Boeing | |
| ↗️ Tesla (TSLA): The electric-vehicle maker's earnings missed expectations, but shares rose in premarket trading. Chief Executive Elon Musk said he would devote less time to his work with the Trump administration. Continue Reading View Comments |
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| 23.04.25 07:06:51 | SAP SE (SAP) Q1 2025 Earnings Call Highlights: Strong Cloud Growth and Robust Profit Margins | |
| Current Cloud Backlog: EUR18.2 billion, up 29%. Cloud Revenue: Increased by 26% year-on-year. Cloud ERP Suite Growth: 33% increase, accounting for 85% of total cloud revenue. Total Revenue: EUR9 billion, up 11%. Operating Profit: Non-IFRS operating profit up 58% to EUR2.5 billion. Cloud Gross Margin: Improved by 2.6 percentage points to 75%. Operating Cash Flow: Increased by 31% to EUR3.8 billion. Free Cash Flow: Increased by 36% to EUR3.6 billion. Basic IFRS Earnings Per Share: EUR1.52. Non-IFRS Earnings Per Share: EUR1.44. Warning! GuruFocus has detected 7 Warning Signs with PMT. Release Date: April 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points SAP SE (NYSE:SAP) reported a 29% increase in its current cloud backlog, reaching EUR18.2 billion in Q1 2025. Cloud revenue grew by 26% year-on-year, with the cloud ERP suite showing a 33% increase. Operating profit increased by 58% in Q1, driven by strong execution of SAP's transformation program. SAP SE (NYSE:SAP) maintained its position as the number one enterprise application software vendor according to IDC and Gartner. The company is seeing strong customer engagement across various industries, with significant deals in the automotive sector and public sector. Negative Points Transactional cloud revenues experienced a slight decline in Q1, reflecting macroeconomic challenges. There is uncertainty regarding the impact of global trade disputes and tariffs on future conversion rates and revenue growth. The cloud revenue growth decelerated slightly from Q4, partly due to delayed ramp-ups from some deals. SAP SE (NYSE:SAP) faces potential risks from geopolitical tensions and tariffs, which could impact its cloud gross margins. The company acknowledges the difficulty in making projections for the entire year due to ongoing macroeconomic uncertainties. Q & A Highlights Q: Some companies have reported disruptions at the end of the quarter. Given the current environment, is your assumption that historical close rates will continue still valid? A: Christian Klein, CEO: Conversations with customers focus on gaining resiliency in supply chains and managing tariffs. Our pipeline remains solid, and we haven't seen deterioration in conversion rates. However, we are closely monitoring geopolitical developments. Q: Cloud revenue growth decelerated slightly from Q4. What caused this, and when can we expect growth to return to guidance levels? A: Dominik Asam, CFO: The deceleration was partly due to the timing of deal provisioning from Q4. We expect an acceleration in Q2 as these deals ramp up. Transactional revenues were weak due to macro conditions, but we anticipate improvement as the year progresses. Story Continues Q: The current cloud backlog grew by 29%. Has it tracked above expectations, and what are you seeing in terms of market dynamics? A: Dominik Asam, CFO: The backlog growth was expected due to provisioning lead times. We are on track with our guidance for slight deceleration. We haven't seen significant changes in industry dynamics despite tariff uncertainties. Q: Can you explain how the Business Data Cloud differs from SAP Datasphere and its potential impact on revenue? A: Christian Klein, CEO: Business Data Cloud goes beyond Datasphere by providing a semantic layer that unifies SAP and non-SAP data. It enhances AI capabilities and offers significant value, leading to strong pipeline momentum. It is expected to be additive rather than replacing existing offerings. Q: With the number of large deals increasing, are you seeing any changes in customer behavior regarding deal size and scope? A: Christian Klein, CEO: We ensure large deals have quantified value and involve key decision-makers. The ramp-up of subscription fees aligns with the value delivered, providing stability even in uncertain times. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. View Comments |
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| 22.04.25 21:04:39 | SAP Earnings Top Views On Strong Cloud Computing Growth | |
| SAP stock climbed as Q1 earnings beat estimates while cloud computing revenue growth remained strong, but came in a bit below expectations. Continue Reading View Comments |
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| 22.04.25 20:05:00 | SAP Quarterly Statement Q1 2025 | |
| Current cloud backlog of €18.2 billion, up 28% and up 29% at constant currencies Cloud revenue up 27% and up 26% at constant currencies Cloud ERP Suite revenue up 34% and up 33% at constant currencies Total revenue up 12% and up 11% at constant currencies IFRS operating profit of €2.3 billion; non-IFRS operating profit of €2.5 billion, up 60% and up 58% at constant currencies WALLDORF, Germany, April 22, 2025 /PRNewswire/ -- SAP SE (NYSE: SAP) announced today its financial results for the first quarter ended March 31, 2025.SAP Logo (PRNewsfoto/SAP SE) Christian Klein, CEO: Q1 once again underlines that our success formula is working. Current cloud backlog expanded 29% at constant currencies and total revenue saw a double-digit increase. With a share of more predictable revenue of 86%, SAP's business model remains resilient in uncertain times. Our AI-powered portfolio enables companies to navigate supply chain disruptions in over 130 countries and to unlock efficiencies with agility and speed. Dominik Asam, CFO: Q1 marks a solid start to the year in a highly volatile environment, with strong total revenue growth and outstanding operating profit expansion. These results are a testament to our cost discipline and focused execution. While we're encouraged by this momentum, we remain mindful of the broader environment and are approaching the rest of the year with vigilance, continuing to safeguard both profit and cash flow. Financial Performance Group results at a glance – First quarter 2025 IFRS Non-IFRS1 € million, unless otherwise stated Q1 2025 Q1 2024 ∆ in % Q1 2025 Q1 2024 ∆ in % ∆ in % const. curr. SaaS/PaaS 4,890 3,764 30 4,890 3,764 30 28 Thereof Cloud ERP Suite2 4,251 3,167 34 4,251 3,167 34 33 Thereof Extension Suite3 639 598 7 639 598 7 6 IaaS4 104 164 –37 104 164 –37 –38 Cloud revenue 4,993 3,928 27 4,993 3,928 27 26 Cloud and software revenue 7,938 6,960 14 7,938 6,960 14 13 Total revenue 9,013 8,041 12 9,013 8,041 12 11 Share of more predictable revenue (in %) 86 84 2pp 86 84 2pp Cloud gross profit 3,720 2,837 31 3,745 2,849 31 30 Gross profit 6,607 5,762 15 6,632 5,774 15 14 Operating profit (loss) 2,333 –787 NA 2,455 1,533 60 58 Profit (loss) after tax 1,796 –824 NA 1,681 944 78 Earnings per share - Basic (in €) 1.52 –0.71 NA 1.44 0.81 79 Net cash flows from operating activities 3,780 2,878 31 Free cash flow 3,583 2,642 36 1 For a breakdown of the individual adjustments see table "Non-IFRS Operating Expense Adjustments by Functional Areas" in this Quarterly Statement. 2 Cloud ERP Suite references the portfolio of strategic Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions that are tightly integrated with our core ERP solutions and are included in key commercial packages, such as RISE with SAP. Further, Cloud ERP Suite also includes cloud-based maintenance components supporting our customers' ERP landscapes and their cloud transformation. The following offerings contribute to Cloud ERP Suite revenue: SAP Cloud ERP, SAP Business Technology Platform, financial- and spend management, supply chain management, core solutions for human capital management, commerce, business transformation management and AI. 3 Extension Suite references SAP's remaining SaaS and PaaS solutions that supplement and extend the functional coverage of the Cloud ERP Suite. 4 Infrastructure as a service (IaaS): The major portion of IaaS comes from SAP HANA Enterprise Cloud. Financial Highlights1 Story Continues First Quarter 2025 In the first quarter, current cloud backlog grew by 28% to €18.20 billion and was up 29% at constant currencies. Cloud revenue was up 27% to €4.99 billion and up 26% at constant currencies. Cloud ERP Suite revenue was up 34% to €4.25 billion and up 33% at constant currencies. Software licenses revenue decreased by 10% to €0.18 billion and was down 10% at constant currencies. Cloud and software revenue was up 14% to €7.94 billion and up 13% at constant currencies. Services revenue was down 1% to €1.07 billion and down 2% at constant currencies. Total revenue was up 12% to €9.01 billion and up 11% at constant currencies. The share of more predictable revenue increased by 2 percentage points to 86%. IFRS cloud gross profit was up 31% to €3.72 billion. Non-IFRS cloud gross profit was up 31% to €3.74 billion and was up 30% at constant currencies. IFRS Cloud gross margin was up 2.3 percentage points to 74.5%, non-IFRS cloud gross margin up 2.5 percentage points to 75.0% and up 2.6 percentage points at constant currencies. IFRS operating profit increased to €2.33 billion and IFRS operating margin was up 35.7 percentage points to 25.9%. IFRS operating profit growth was positively impacted by a restructuring expense decline of €2.2 billion as compared to Q1 2024 in connection with the 2024 transformation program. Non-IFRS operating profit was up 60% to €2.46 billion and was up 58% at constant currencies, non-IFRS operating margin increased by 8.2 percentage points to 27.2% and was up 8.1 percentage points to 27.1% at constant currencies. Both, IFRS and non-IFRS operating profit growth benefitted from the operational efficiencies realized through successful execution of the 2024 transformation program. IFRS earnings per share (basic) increased to €1.52. Non-IFRS earnings per share (basic) increased 79% to €1.44. IFRS effective tax rate was 27.2% and non-IFRS effective tax rate was 29.4%. Both were mainly driven by a temporary inability to offset withholding taxes in Germany due to carryforward of tax losses from prior year. The IFRS effective tax rate is lower than the non-IFRS effective tax rate due to tax benefits from tax-exempt income. Operating cash flow in the first quarter was up 31% to €3.78 billion and free cash flow increased by 36% to €3.58 billion. The increase was mainly attributable to the higher profitability and the positive development of working capital (outside of restructuring related impacts), which was partially offset by higher payouts for share-based compensation and restructuring. Share Repurchase Program In May 2023, SAP announced a share repurchase program with an aggregate volume of up to €5 billion and a term until December 31, 2025. As of March 31, 2025, SAP had repurchased 18,985,135 shares at an average price of €164.79 resulting in a purchased volume of approximately €3.1 billion under the program. Additionally, the third tranche of the program was completed on April 08, 2025, with a purchased volume of approximately €1.5 billion. 2024 Transformation Program: Focus on scalability of operations and key strategic growth areas In January 2024, SAP announced a company-wide restructuring program which concluded as planned in the first quarter 2025. Overall expenses associated with the program are approximately €3.2 billion. Restructuring payouts amounted to €2.5 billion for the full-year 2024 and €0.3 billion for the first quarter 2025. Approximately €0.4 billion is expected to be paid out in the remainder of 2025. Business Highlights In the first quarter, customers around the globe continued to choose "RISE with SAP" to drive their end-to-end business transformations. These customers included: Alte Leipziger-Hallesche, East Japan Railway, Federal Employment Agency (Bundesagentur für Arbeit), Heijmans, HUGO BOSS, Hyundai Motor Company, Kia Corporation, Mazda Motor, Molson Coors Beverage Company, Piramal Pharma, SYENSQO, TOPPAN, Tyson Foods, Villeroy & Boch Group, Webasto Group, and WWZ Energie. Climeworks, HMM, LG Energy Solution, Lion, Nanometrics, and Samyang Foods went live on SAP S/4HANA Cloud in the first quarter. Gymshark, HARGASSNER, Oki Electric Industry, Sciens Building Solutions, Stegra, and VFS Global chose "GROW with SAP", an offering helping customers adopt cloud ERP with speed, predictability, and continuous innovation. Key customer wins across SAP's solution portfolio included: ACTION, Booking, DKSH, Energy Queensland, Ferring Pharmaceuticals, KION GROUP, Klüber Lubrication München, The Kraft Heinz, Maastricht University, MARELLI Europe, NEC Corporation, Tibnor, and WEG. Alfred Ritter, Axpo Services, BASF Coatings, Deutsche Bahn, Parle Biscuits, Ravensburger, and Wipro went live on SAP solutions. In the first quarter, SAP's cloud revenue performance was particularly strong in APJ and EMEA and robust in the Americas region. Brazil, Chile, Germany, India, Italy, South Korea and Spain had outstanding performances, while Canada, China, France, Japan, Singapore and the U.S. were particularly strong. On February 13, SAP announced SAP Business Data Cloud, a groundbreaking solution that unifies SAP and third-party data throughout an organization, providing the trusted data foundation organizations need to make more impactful decisions and foster reliable AI. On February 20, SAP proposed a dividend of €2.35 per share for fiscal year 2024 representing a year-over-year increase of 6.8% compared to the regular dividend paid for fiscal year 2023. The dividend is subject to shareholder approval at the upcoming AGM scheduled for May 13, 2025. Outlook 2025 Financial Outlook 2025 While the prevailing dynamic environment implies elevated levels of uncertainty and reduced visibility, SAP currently continues to expect: €21.6 – 21.9 billion cloud revenue at constant currencies (2024: €17.14 billion), up 26% to 28% at constant currencies. €33.1 – 33.6 billion cloud and software revenue at constant currencies (2024: €29.83 billion), up 11% to 13% at constant currencies. €10.3 – 10.6 billion non-IFRS operating profit at constant currencies (2024: €8.15 billion), up 26% to 30% at constant currencies. Approximately €8.0 billion free cash flow at actual currencies (2024: €4.22 billion) An effective tax rate (non-IFRS) of approximately 32% (2024: 32.3%)2. The company also continues to expect current cloud backlog growth at constant currencies to slightly decelerate in 2025. While SAP's 2025 financial outlook for the income statement parameters is at constant currencies (including an average exchange rate of 1.08 USD per EUR), actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below. Currency Impact Assuming March 31, 2025. Rates Apply for 2025 In percentage points Q2 2025 FY 2025 Cloud revenue growth -1.0pp -2.0pp Cloud and software revenue growth -1.0pp -0.5pp Operating profit growth (non-IFRS) 0.0pp -1.0pp This includes an exchange rate of 1.08 USD per EUR. Additional Information This press release and all information therein is preliminary and unaudited. Due to rounding, numbers may not add up precisely. The Q1 2025 Quarterly Statement can be downloaded from: https://www.sap.com/investors/sap-2025-q1-statement SAP Annual General Meeting of Shareholders The Annual General Meeting of Shareholders will take place on May 13, 2025, as a virtual event. The whole event will be webcast on the Company's website and online voting options will be available for shareholders. Further details can be found at https://www.sap.com/agm. Financial Analyst and Investor Conference SAP will hold a financial analyst event on Wednesday, May 21st, in conjunction with SAP Sapphire & ASUG Annual Conference Orlando. SAP Performance Measures For more information about our key growth metrics and performance measures, their calculation, their usefulness, and their limitations, please refer to the following document on our Investor Relations website: https://www.sap.com/investors/performance-measures Webcast SAP senior management will host a financial analyst conference call on Tuesday, April 22nd at 11:00 PM (CEST) / 10:00 PM (BST) / 5:00 PM (EDT) / 2:00 PM (PDT). The conference will be webcast on the Company's website at https://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the first quarter results can be found at https://www.sap.com/investor About SAP As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com. For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: +1 (800) 872-1SAP (+1-800-872-1727) This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2024 Annual Report on Form 20-F. © 2025 SAP SE. All rights reserved. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. 1 The Q1 2025 results were also impacted by other effects. For details, please refer to the disclosures on page 19 of this document. 2 The effective tax rate (non-IFRS) is a non-IFRS financial measure and is presented for supplemental informational purposes only. We do not provide an outlook for the effective tax rate (IFRS) due to the uncertainty and potential variability of gains and losses associated with equity securities, which are reconciling items between the two effective tax rates (non-IFRS and IFRS). These items cannot be provided without unreasonable efforts but could have a significant impact on our future effective tax rate (IFRS).Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sap-quarterly-statement-q1-2025-302434876.html SOURCE SAP SE View Comments |
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