These are preliminary results with final numbers being released next week. The software giant’s after-tax profit rose by 2 percent to roughly $6.1 billion. That reflected the impact of an increase in stock-based compensation as non-IFS after tax profit increased by 28 percent. Revenue for the year was approximately $31,6 billion. SAP ended the year with about $9.1 million in revenue for the fourth quarter an increase of 6 percent. Support and maintenance revenue for the most recently year fell 3 percent to approximately $16.2 billion with cloud rising 17 percent to about $10.7 billion
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SAP REVS UP 2 PERCENT IN 2021 Featured
SAP revenue rose by 2 percent for the year ended December 31 as the vendor’s numbers continue to show the rapid growth of cloud revenue while license and maintenance revenue fell.