Last year: CEO Christian Klein at the SAP balance sheet press conference in January 2024 (Photo: SAP SE, Norbert Steinhauser)
Walldorf – Trump wants to invest 500 billion in artificial intelligence. The most valuable German group SAP can currently play in the tech circus. However, the AI world is now shaken by China. On Tuesday, the DAX primus publishes the numbers for the 4th quarter and the year 2024.
The SAP share price has been unstoppable for over 2 years-but today a crack: the Success reports on the China-Ki Deepseek has given many tech companies a minus. Nevertheless, the paper in 2025 is still over 9 percent, at EUR 258.05 (as of 11.30 a.m. CET).
Strong cloud business in the 3rd quarter-forecast 2024
Booster for SAP success is the cloud business-the shift of data and software to public server. In the 3rd quarter Sales in this segment increased by 25 percent. Overall, the group sales increased by 9 percent in the previous year comparison, the net profit by 13 percent.
In view of this, the management has launched its forecast for 2024: SAP now expects an operating result of 7.8 to 8 billion euros (previously 7.6 to 7.9 billion). At 29.5 to 29.8 billion euros, the cloud and software revenue should therefore be (previously 29 to 29.5 billion).
Analysts: High cloud demand-SAP is promoting cloud projects
Good for SAP: The demand for cloud-based solutions for Enterprise Resource Planning (ERP) continues. That has According to Kepler Capital Markets and TD Cowen recently a survey. The analysts of the financial service providers have upgraded the evaluation of the SAP share to “purchase”.
SAP does a lot to push the cloud: Customers of the expiring Business Suite 7 positions the group According to Handelsblatt.com Prolonged deadlines in prospect – if you bind yourself to SAP. Projects such as “Grow with SAP” or “Rise with SAP” help to introduce cloud-based ERP solutions.
Investors rely on artificial intelligence – dispute over quantum computing
In addition, KI – together with the cloud – fueled the imagination of investors. Trump’s announcement of the Stargate AI program also raised the course of SAP, one of the few Europeans in the large AI concert. The takeover of the Israeli company Walkme 2024 brought SAP further expertise.
SAP CEO Christian Klein recently positioned itself publicly In the quantum computing debate. He was confident that this technology will soon be able to use them surgically. He contradicted Nvidia boss Jensen Huang and Meta-CEO Mark Zuckerberg, who were skeptical about progress.
Quantum computing plus AI – conversion of the internal organization
Klein sees potential for quantum computing, for example, in supply chain management. There, the unprecedented speed can contribute to solving complex problems. Especially in combination with artificial intelligence, quantum computing could generate major competitive advantages.
SAP wants to accelerate The internal conversion: Up to 10,000 jobs should be eliminated, said CFO Dominik Asam at the last quarter of the quarter. At the same time, the group creates new jobs. The aim is to set up the processes efficiently and Ki-oriented-and save costs of 700 million euros.
Forecasts for sales and profit
The SAP result per share in the 4th quarter of 2024 appreciate the forecasts of 18 analysts on average according to finanzen.net to around 1.34 euros. In the previous 3rd quarter of 2024, the characteristic value was around 1.25 euros. The result was around 1.02 euros per share in the previous year.
The experts also expect a plus when it comes to sales. The estimate for the 4th quarter is around 9.12 billion euros, compared to around 8.47 billion euros in the 3rd quarter. In the 4th quarter of 2023 it was around 8.46 billion euros. In the 2024 financial year, SAP is expected to come to around 33.94 billion euros.
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All information without guarantee for completeness, correctness and topicality. The text does not represent a trade recommendation or investment advice.