WALLDORF — (NYSE: Âé¶¹Ô´´) today announced its financial results for the third quarter ended September 30, 2021.
Âé¶¹Ô´´ Cloud Momentum Accelerates Significantly
Strong Surge in ‘RISE with Âé¶¹Ô´´â€™ Adoption
- Current Cloud Backlog Up 24% (Up 22% At Constant Currencies)
- S/4HANA Current Cloud Backlog Up 60% (Up 58% At Constant Currencies)
- Cloud Revenue Up 20% (Up 20% At Constant Currencies)
- IFRS Operating Profit Down 15%; Non-IFRS Operating Profit Up 2% (Up 2% At Constant Currencies)
- Raises Full Year Revenue and Profit Outlook On The Basis of Strong Third Quarter
“Our strategy is clearly working. Customers are choosing Âé¶¹Ô´´ for their business transformation in the cloud. We see record adoption of our applications and our platform. This has resulted in strong acceleration of our cloud growth.â€
Christian Klein, CEO
“This has been an excellent quarter across all key financial metrics. We are seeing sustained, strong progress in Âé¶¹Ô´´â€™s transformation. Our cloud business is growing at an accelerating pace and has led to our improved full year outlook.â€
Luka Mucic, CFO
