What SAP flagship products contribute significantly to bottom line
SAP’s flagship products significantly contributing to its bottom line include:
1. SAP S/4HANA Cloud: This enterprise resource planning (ERP) suite has been a major growth driver. In Q3 2024, SAP S/4HANA cloud revenue increased by 34% year-over-year, reaching €3.64 billion.
2. SAP Business Technology Platform (BTP): BTP offers a comprehensive suite of services for data management, analytics, and application development. It plays a crucial role in SAP’s cloud strategy, supporting the integration and extension of SAP applications.
3. SAP SuccessFactors: This human capital management (HCM) solution has seen robust adoption, contributing to SAP’s cloud revenue growth.
4. SAP Ariba: As a leading procurement and supply chain solution, SAP Ariba has been instrumental in expanding SAP’s cloud offerings.
These products have collectively driven SAP’s financial performance, with cloud revenue up 25% to €4.35 billion in Q3 2024, and total revenue increasing by 9% to €8.47 billion.