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3 Takeaways from the SAP Q1 2021 Earnings Call
Jim Lichtenwalter Apr 30, 2021
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The past few quarters have been interesting ones for SAP. Not only did the software company unveil its plans to realign its strategy, but it also—like virtually every other company operating today—had to contend with the COVID-19 epidemic and over a year of remote working for many office workers around the world.

“Let me sum it up. Last year, we have updated our strategy [and] completed the realignment of the company to focus SAP on the success of our customers,” said Christian Klein, SAP CEO. “Now we are in execution mode, and the future for SAP is bright. Q1 was a perfect start and growth point for our strategy. RISE with SAP already worked as an accelerator for customers’ business transformation in the cloud.”

Throughout the call, Klein, along with SAP CFO Luka Mucic and Scott Russell, head of customer success organization at SAP, highlighted some of the positive financial trends the company has seen over this first quarter of the year.

“Looking at the bottom line, we achieved the highest Q1 operating profit in our history,” said Klein. “This quarter was one of the strongest quarters in the history of SAP.”

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