Recent SAP Q3 results showed a significant growth in cloud revenue, especially in the Asia-Pacific and Japan (APJ) region.
Last September, SAP was recognized as a Leader in the Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises on the strength of SAP S/4HANA Cloud’s completeness of vision and ability to execute in the cloud ERP market, demonstrating that SAP’s cloud strategy continues to gain traction around the world. Earlier in July, SAP had already been recognized as a Leader in the Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises.
This month, SAP disclosed its profits for the third quarter of 2022, achieving a successful cloud quarter with rising performance across all metrics. The worldwide cloud revenue was up 38% to €3.29 billion, or up 25% when adjusting for currency fluctuations. This increase was driven by double-digit growth across the entire Software as a Service (SaaS) and Platform as a Service (PaaS) portfolios.
In particular, SAP’s cloud revenue in Asia Pacific and Japan (APJ) reached 411 million Euros in the third quarter of 2022, representing a 27% increase over the same time in 2021. The combined sales for the Asia-Pacific region in the third quarter of 2022 amounted to 1.1 billion euros, representing a 5% increase over the previous year’s figures for the same time.
SAP APJ President Paul Marriott explained that businesses are beginning to see the benefits of SAP’s flexible, expandable, and innovative collection of cloud-based product offerings — building on the German tech giant’s strength in interconnecting enterprises and streamlining processes. He further shared in an official statement:
“Our cloud-centric strategy and best-in-suite portfolio are helping customers across APJ address their most pressing challenges, from cloud-based business transformation to bolstering supply chain resilience and building sustainability into the core of business.”
Latest RISE with SAP Q3 Customers in APJ
Leading Asian enterprises have been embracing SAP cloud technologies at a significantly faster rate across all sectors, and there has been ongoing demand among diverse client bases for the company’s Business Transformation as a Service (BTaaS) signature cloud offering RISE with SAP. By integrating a variety of SAP cloud products and services, the RISE with SAP program provides clients with access to an integrated suite of services and solutions that are intended to assist customers in realizing the benefits of the scalability offered by cloud computing.
Tokyo-headquartered multinational imaging and electronics company Ricoh Co., Ltd. and Indian multinational consumer goods company Dabur Ltd. were among the new RISE with SAP customers added in the Asia Pacific region during as announced in the latest SAP Q3 results.
- By integrating RISE with SAP, Ricoh Co., Ltd. will speed up the process of standardizing and enhancing the efficiency of its manufacturing and service parts management activities, therefore enhancing the company’s preparedness to adapt to future shifts in business models. The corporation plans to automate internal business operations and push for business changes by making use of cutting-edge technology like artificial intelligence (AI) with the help of robotic process automation (RPA) and cloud services.
- Dabur Ltd., the fourth biggest fast-moving consumer goods (FMCG) firm in India, with operations in over 120 countries and close to 7 million local retail locations, selected RISE with SAP to drive its innovation-led initiatives. Better business planning and higher standards of corporate governance will result from the solution’s ability to integrate its treasury and risk management workflow with its core business activities. In keeping with its environmental goals, the firm has begun shutting down its old data center and has partnered with SAP to accelerate the transition to the cloud.
Moreover, the German enterprise software giant also announced that Australian pharmacy retailer Chemist Warehouse and Indian retail company Trent Ltd. have chosen the SAP SuccessFactors Human Experience Management (HXM) Suite to help them develop the workforce agility required to keep up with constant changes in the post-COVID 19 pandemic environment. Both companies plan to utilize SAP SuccessFactors to drive their digital transformations and to modernize their respective HR systems.