SAP

SAP (XETR: SAP), founded in 1972, is a German multinational enterprise software provider. SAP offers a range of enterprise resource planning (ERP), supply chain management applications, procurement applications software, and travel and expense management software for businesses. SAP is one of the the global leaders in ERP software market, with over 425,000 business customers across 180 countries as of 2023. SAP generated a revenue of EUR 31.2 billion (~USD 34 billion) in 2023 . 

Cloud-based software accounted for ~44% of SAP’s revenue, while software licensing (non-cloud software) and software support (after-sales services) accounted for ~6% and ~37% of total revenue, respectively. The EMEA region was the largest revenue generator for SAP, contributing ~45% of the company’s total revenue, followed by the Americas region (~41%) and the APJ region (~14%). 

In June 2023 , SAP sold its stake in the experience management software platform, Qualtrics (previously acquired in 2018). SAP expects to generate cloud revenue of around EUR 17.0 billion–17.3 billion in 2024 (EUR 13.6 billion in 2023), and cloud and software revenue (combined) of EUR 29.0 billion–29.5 billion (EUR 26.9 billion in 2023). Operating profit for the year is forecasted to range between EUR 7.6 billion–7.9 billion (EUR 5.8 billion in 2023). SAP is focused on achieving carbon neutrality across its operations, as well as being committed to achieving net zero along its value chain by the end of 2023.