SAP cloud booms region-wide in Asia Pacific

Published: 01/February/2024

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SAP recently announced its global Q4 and full-year 2023 financial results, marked by high-profile customer wins and go-lives across a string of industry sectors in the Asia Pacific and Japan (APJ) region.

A key highlight from the results was that APJ cloud revenues saw the highest growth across the globe in Q4, with a 28 percent rise, reaching €499m.

SAP customers across the region greatly contributed to the revenue growth as users continued to choose SAP to drive their cloud transformations in 2023 – while eyeing innovations within their organizations such as AI and a higher degree of sustainability.

Angela Colantuono, the newly announced president and managing director of SAP Australia and New Zealand, shared her thoughts in a LinkedIn post, noting ANZ customers in SAP’s earnings: “In APJ, Q4 cloud revenue was up 28 percent (full year up 21 percent YoY) and our momentum isn’t slowing down, partnering with customers from all sizes and industries on their cloud transformation journey, including Coles Group, AusNet, Foodstuffs North Island Limited, Airservices Australia and Christchurch City Council.”

Colantuono emphasized that “the team is laser-focused on bringing customer innovations to help them drive efficiencies and set themselves up for future success” as the company embarks on “the next chapter of growth to make SAP #1 in Business AI”.

Over the quarter, SAP announced a range of APJ customers taking advantage of its innovations as AusNet complemented RISE with SAP with SAP Signavio, SAP Business Technology Platform and SAP Datasphere. Elsewhere, New Zealand Foodstuffs North Island opted for SAP Business Technology Platform, SAP Build Workzone and SAP Datasphere, acting on its goal of becoming a future-ready enterprise.

Showing similar enthusiasm, in Japan, Matsumoto Precision chose SAP Sustainability Footprint Management to collect and calculate the carbon footprint of its products, with a mission to improve the environmental impact of its products.

RISE with SAP also continued to be an underlying factor in APJ’s cloud transformation. In Australia, Coles Group opted for RISE with SAP as it also renewed licenses for SAP SuccessFactors, SAP Fieldglass and SAP Business Technology Platform. In Japan, NEC Corporation and Daikin Industries also chose RISE with SAP.

“Across Asia Pacific and Japan, we see forward-thinking businesses recognizing and acting on the need for ongoing strategic transformation supported by SAP,” said Paul Marriott, APJ president of SAP.

He also shared his belief that once organizations can create a solid foundation in the cloud they can then explore new avenues of growth in areas like AI, data analytics and sustainability.

“Bringing together our range of cloud solutions, business networks and innovations to drive growth, customers across Asia are increasingly becoming intelligent and sustainable businesses,” Marriott added.

The strong APJ results followed the recent appointment of Colantuono as president and managing director of SAP Australia and New Zealand earlier this year, as the area is rapidly becoming a key market unit for the region and one of the fastest-growing SAP regions globally.


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