Headline: SAP Announces First Quarter 2021 Results
WALLDORF SAP SE (NYSE: SAP) today announced its financial results for the first quarter ended March 31, 2021.
Stellar Start to 2021
Fastest Growth in New Cloud Business in Five Years Reaccelerates Current Cloud Backlog, Up 19% at Constant Currencies, to €7.6 Billion
S/4HANA Current Cloud Backlog Up 43% At Constant Currencies
Highlighting SAP’s Accelerated Cloud Transition
IFRS EPS Up 29%; Non-IFRS EPS Up 63%
Operating Cash Flow Up 3% To €3.09 Billion; Free Cash Flow Up 10% to €2.85 Billion
We are seeing very strong order entry growth across our applications portfolio. And we are just getting started. Our new offering ‘RISE with SAP’ is rapidly becoming a massive accelerator to our customers’ business transformations with our platform at the center. Together with our unique ecosystem of more than 22,000 partners and with a strong innovation pipeline for the year, we are well on track with our strategy to delive
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