SAP’s second-quarter earnings report supplied encouraging indicators for the return of enterprise journey, and the division that features the corporate’s Concur expense administration platform from SAP reported quarter-over-quarter income stability for the primary time since begin of the worldwide Covid-19 pandemic. final yr.
SAP’s Clever Spend division, which is residence to Concur, together with the SAP Ariba procurement platform and SAP Fieldglass workforce administration system, posted income of € 737 million in fixed forex within the second quarter, versus to 707 in the course of the first quarter and seven share factors larger than the second quarter of 2020, SAP reported Wednesday.
SAP till the tip of 2020 reported Concur’s monetary outcomes as an impartial section. Within the fourth quarter of 2020, the newest quarter for which Concur’s earnings had been damaged down individually, the section skilled a 15 % year-over-year decline.
The corporate characterised the current improve in quarterly income as one of many “first indicators of restoration in journey and expense administration”, citing easing of world journey restrictions as a key consider bettering income figures, whereas acknowledging that sensible spending continued to be affected by the Covid-19 disaster extra considerably than its different Software program as a Service and Platform as a Service enterprise areas.