SAP Q3 2021: Cloud year-on-year revenue up one-fifth, S/4HANA adoption steady
Published on Friday 22th October 2021
SAP has reported third-quarter 2021 revenue of €6.845bn, up 5% on the equivalent quarter last year. Its cloud revenue for the quarter increased by one-fifth to €2.386bn, representing 35% of the total, up 1% as a share, on the previous quarter.
The supplier said it detected continued strong demand and adoption of its “RISE with SAP” package, a subscription service that packages managed cloud infrastructure and managed services in one contract. It is a way of bundling all the elements that make up what SAP has been calling “intelligent enterprise” for the past few years and making them available as a service.
