SAP Reports Strong Growth Driven by Cloud Expansion

The software giant surpasses annual targets with a 29% increase in cloud orders and plans further profitability growth in 2025.

SAP's cloud revenue grew by 29% in 2024, reaching €18 billion, contributing to a 10% overall revenue increase to €34 billion.
The company now derives half of its revenue from cloud services, demonstrating the success of its strategic shift from traditional software licensing.
SAP's operating profit rose 25% to €8.1 billion under U.S. accounting standards, though European standards show a 20% decline due to restructuring costs.
The company completed a major restructuring in 2024, cutting 9,000–10,000 jobs to adapt to cloud business demands and advance AI-focused initiatives.
SAP forecasts continued strong growth in 2025, with cloud revenue expected to rise by 26–28% and operating profit projected to increase by up to 30%.