Achieving an impressive milestone, the SAP EMEA South region marked the second quarter of 2023 with the establishment of over 290 new customer collaborations. This expansion was supported by the German enterprise software giant’s robust cloud revenue growth of 19%, underpinned by a total revenue increase of 5%.
The second quarter of 2023 ushered in a wave of digital transformation in the SAP EMEA South region, initiated by establishing several groundbreaking partnerships. One such alliance was forged with Canal de Isabel II, a prominent Spanish water company. The company also ventured on a comprehensive cross-cloud journey, leveraging various SAP solutions like the Industry Solution for Utilities, and SAP Cloud ERP, among others. This collaboration stands as a testament to SAP’s expertise in crafting tailored solutions for diverse industries.
Parallelly, Frinsa, one of Europe’s principal manufacturers of canned tuna and shellfish, embarked on a similar journey. They also integrated SAP’s Business Technology Platform and Customer Data Cloud into their operations, among other services. This strategic move underlines SAP’s competence in customizing its solutions as per unique customer requirements, fostering a growing footprint in the consumer products sector.
In the FinTech world, the Italian PayTech firm, NEXI, adopted SAP’s RISE program for their digital transformation. The decision to incorporate advanced technologies like AI and machine learning into their operational fabric aims to boost efficiency, accelerate business processes, and mitigate potential business risks.
Furthermore, Sabadell Digital, the digitally inclined subsidiary of Banco Sabadell, has placed its trust in SAP SuccessFactors. This choice reflects SAP’s prowess in promoting digital transformation within the financial services industry, providing flexible and effective solutions.
SAP EMEA South: Charting Success Stories
SAP’s Q2 performance was also considerably invigorated by successful go-lives and renewals, central to delivering customer value and driving success. One such success story is from González Byass, a family-owned Spanish wine and spirits producer deeply invested in sustainability. By implementing the SAP Responsible Design and Production solution, they’ve started to monitor policy landscapes, measure the environmental impact of materials used, and fulfill their extended producer responsibility obligations.
Adding another feather to its cap, SAP has also successfully helped the Turkish DIY retailer, Koçtaş, go live with SAP Customer Experience Commerce Marketplace Management. This development affirms SAP’s continued success in offering retail businesses state-of-the-art digital transformation solutions.
Manos Raptopoulos, SAP EMEA South’s regional president, applauded the region’s Q2 performance, attributing the strong results to the impressive performance of the cloud business and the steadfast trust that customers place in SAP’s capabilities. He emphasized the pivotal role of SAP solutions in fostering resilience, efficiency, innovation, and predictability in businesses, even amidst challenging economic climates.
A Financial Milestone Fuelling Future Prospects
In addition to fostering innovative partnerships and overseeing successful go-lives, SAP also unveiled its Q2 2023 financial results. The report demonstrated a healthy increase in cloud revenue, operating profit, and a steadily growing cloud backlog. Moreover, a standout statistic was the substantial 74% rise in SAP S/4HANA cloud revenue, indicating the solution’s rapidly growing popularity and adoption rate.
Based on these strong Q2 results, SAP has also raised its revenue and operating profit outlook for 2023. The company has also unveiled its plans to expand its market opportunity with the introduction of SAP Business AI and premium AI offerings. This strategic move emphasizes SAP’s focus on capitalizing on the transformative power of AI to boost business growth.
SAP EMEA South’s robust Q2 2023 results reflect the region’s steadfast commitment to spearheading digital transformations across industries. With its strategic pivot towards AI and premium offerings, SAP is also aiming for a future brimming with innovative developments and exciting growth prospects.
