Interim report
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Quarterly Statement Q1 2021 Stellar Start to 2021 SAP Fastest Growth in New Cloud Business in Five Years Reaccelerates Current Cloud Backlog , Up 19 % at Constant Currencies , to € 7.6 Billion • S / 4HANA Current Cloud Backlog Up 43 % At Constant Currencies Highlighting SAP's Accelerated Cloud Transition • IFRS EPS Up 29 % ; Non - IFRS EPS Up 63 % Operating Cash Flow Up 3 % To € 3.09 Billion ; Free Cash Flow Up 10 % to € 2.85 Billion IFRS Cloud Revenue in € millions Non - IFRS 2,147 + 7 % ( + 13 % cc ) 2,145 + 7 % The share of more predictable revenue reached 78 % Cloud & Software Revenue in € millions Total Revenue in € millions IFRS 6,348 -3 % Non - IFRS 6,350 -3 % ( + 2 % cc ) in the first quarter 2021 ( +2 percentage points ) Operating Profit in € millions IFRS Non - IFRS IFRS 5,428 5,431 960 + 1 % + 1 % ( + 6 % cc ) -21 % Non - IFRS 1,741 + 17 % ( + 24 % cc ) " We are seeing very strong order entry growth across our applications portfolio . And we are just getting started . Our new offering ‘ RISE with SAP ' is rapidly becoming a massive accelerator to our customers ' business transformations with our platform at the center . Together with our unique ecosystem of more than 22,000 partners and with a strong innovation pipeline for the year , we are well on track with our strategy to deliver robust cloud growth . " Christian Klein , CEO The first quarter of 2021 was unique in many ways . We had the highest order entry growth across cloud and software in five years while posting the strongest increase in Non - IFRS operating profit and margin in a decade . Free cash flow was up double - digit compared to a record prior year . In the mid term SAP's expedited shift to the cloud will accelerate topline growth and significantly increase the resiliency and predictability of our business . " Luka Mucic , CFO SAP Quarterly Statement Q1 2021 1