SAP SE reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to €7.98 billion at constant currencies.
Cloud revenue increased 24 percent Y/Y to €2.61 billion at CC. S/4HANA cloud revenue grew 61 percent Y/Y to €329 million at CC.
Software licenses revenue declined 17 percent Y/Y to €1.46 billion at CC. Cloud and software revenue increased 3 percent Y/Y to €6.99 billion at CC. Services revenue was flat Y/Y at €0.99 billion at CC.
The current cloud backlog was up 26 percent year-on-year to €9.45 billion at CC. S/4HANA’s current cloud backlog rose 76 percent Y/Y to €1.71 billion at CC.
Outlook
SAP sees FY22 cloud revenue at CC of €11.55 billion–€11.85 billion.SAP sees FY22 cloud and software revenue at CC of €25 billion–€25.5 billion.
Acquisition
SAP intends to acquire a majority stake of Taulia, a working capital management solutions provider. The financial terms of the transaction remain undisclosed.The move aims to offer companies better access to liquidity and improve their cash flows.
The acquisition further expands SAP’s Business Network and strengthens SAP’s solutions for the CFO office. Taulia will operate as an independent company with its brand in the SAP Group; Cédric Bru will remain CEO of Taulia, Mucic will become Chairman.
“By combining the deep working capital management expertise of Taulia with SAP’s broad CFO solution portfolio and the integration into our core business software and Business Network solutions, we are well-positioned to become a leader in working capital management. We will offer these capabilities at scale to help businesses improve their financial position and seize growth opportunities,” Mucic said.
