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SAP Expects To Exit 2024 At Headcount Similar To Year-End 2023

Author: Benzinga Newsdesk | April 22, 2024 04:24pm

For 2024, SAP continues to expect:

€17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.
€29.0 – 29.5 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 8% to 10% at constant currencies.
€7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion based on updated non-IFRS operating profit definition), up 17% to 21% at constant currencies.
Free cash flow of approximately €3.5 billion (2023: €5.09 billion).
An effective tax rate (non-IFRS) of approximately 32% (2023: 30.3% based on updated tax rate definition (non-IFRS))

Posted In: SAP