SAP Announces Q2 2024 Results: Asia Pacific and Japan View

SAP announced its global Q2 2024 results on July 23, 2024, reporting cloud revenue increased 25% in the quarter as demand for AI drives cloud growth.

• Cloud revenue in Asia Pacific and Japan (APJ) grew to €566M in Q2 2024, an increase of 38% over same period 2023 at constant currency, with India and Korea showing particular momentum. Globally, SAP’s cloud revenue was up 25% at constant currency, with cloud backlog up 28% at constant currency. 
• Total APJ Q2 2024 revenue grew to €1.17B
• New RISE with SAP customers included Shiseido; Auckland Council; Powerlink Queensland; Tokio Marine and Nichido Fire Insurance; Parle Biscuits; Tigaraksa Satria; PGP Glass; PT Pelabuhan Indonesia (Persero) – Pelindo Group.
• RISE with SAP go-lives included Hyundai Motor Company and Kia Corporation.
• Additional deals were recorded at Bank Danamon and La Trobe University.
• Japanese chemical company UBE Corporation completed a migration program to SAP S/4HANA Cloud, integrating and consolidating core functions across the organisation to enhance business efficiency, stability, and quality through digital transformation.   

APJ companies continued to adopt RISE with SAP to power their cloud transformations, take advantage of new Business AI capabilities, and build agility for changing market requirements.  

New RISE with SAP wins and expansions in Q2 include Shiseido; Auckland Council; Powerlink Queensland; Tokio Marine and Nichido Fire Insurance; Parle Biscuits Pvt Ltd; Tigaraksa Satria; PT Pelabuhan Indonesia (Persero) – Pelindo Group; and PGP Glass. Go-lives this quarter were successfully completed at Hyundai Motor Company and Kia Corporation, among others.  

Powerlink Queensland: We decided to expedite the decision to move to RISE with SAP to take advantage of the enormous productivity gains from new innovations including SAP AI. With many of our critical business systems already running on SAP, the ability to leverage AI capabilities within those systems will deliver tremendous value to our people through high-value natural intelligence.  

Shiseido decided to adopt RISE with SAP to further its business transformation. This strategic move supports Shiseido’s FOCUS program, which aims to standardise business processes and data in one connected solution globally across the entire value chain, enabling new ways of working. By integrating SAP S/4HANA, SAP Integrated Business Planning (IBP), and SAP Ariba in the RISE platform with SAP Business Technology Platform (BTP), Shiseido seeks to create a resilient and data-driven organisation capable of responding to global supply chain and finance challenges. This decision is a significant step towards achieving seamless global operations and improving overall business efficiency and agility.  

Parle Biscuits Pvt Ltd: The decision to move from SAP ECC to SAP S/4HANA on RISE with SAP as part of our digital transformation journey is a significant step. This move will allow us to leverage the advanced capabilities of SAP S/4HANA and SAP Business Technology Platform (BTP), which includes features like Automation, Integration Suite, Datasphere with SAP Analytics Cloud (SAC), and the inclusion of AI/GEN AI.  

Richard Jarrett, Director Group Shared Services at Auckland Council, said, “Our new commercial construct with SAP gives us the freedom to make the right choices of fit for purpose technologies. This will mobilise the council’s Group Shared Services approach and reflects the commitment we have made to Aucklanders in our long-term plan.” 

The small and medium enterprise sector is also embracing cloud. La Trobe University, which was the first organisation globally to switch on SAP S/4HANA in the cloud in 2015, is now adopting GROW With SAP, a complete offering of solutions, adoption acceleration services, community, and learning to help any size company successfully adopt cloud ERP.  

Paul Marriott, President of SAP APJ, said “SAP customer experience is being transformed by the infusion of Business AI across our portfolio, embedding cutting-edge technologies into enterprise-ready business applications. The benefits of Business AI can only be accessed through the cloud, and we are working with our customers across APJ to help them drive AI benefits unique to their needs.” 

More Q2 APJ Customers 

SAP SuccessFactors was chosen by PT Bank Danamon Indonesia Tbk, which operates a network of 856 branch offices, and more than 60,000 ATMs across 34 provinces in Indonesia. Bank Danamon went live with Joule and Premium AI features in SAP SuccessFactors, as well as a suite of SAP SuccessFactors HCM solutions. By integrating SAP’s AI copilot into its HR processes, the bank expects to drive enhanced employee engagement through AI-generated insights, and more personalised candidate matching in its recruitment process.  

Established in 1988, PT Tigaraksa Satria Tbk operates a nation-wide, sales and distribution business in Indonesia. Company activities across its business units and subsidiaries include consumer products, direct selling of educational products, gas refill and appliances, and dry milk manufacturing, providing Indonesians with the access to life essentials. With 1,700 employees across 33 branches in the country today, Tigaraksa Satria now also provides avenues for growth to its trade channels and principal subsidiaries, including household names such as Mars Symbioscience Indonesia, Colgate-Palmolive Indonesia, Yupi Indo Jelly Gum. To scale more efficiently, Tigaraksa Satria selected the premium edition for RISE with SAP with SAP S/4HANA Cloud Private Edition, and SAP Datasphere, to unify fragmented data and processes through a cloud-based ERP solution. By consolidating its core business and financial systems to the cloud, the company expects to drive better real-time visibility and data analysis across its supply chain and distribution networks, and improved agility to adapt to market changes. 

UBE Corporation has revamped its core system by implementing SAP S/4HANA Cloud. Leveraging the assets of the existing system, UBE completed the migration project in a short period of about 18 months, significantly faster than a new implementation. To build a foundation for operational standardisation, UBE integrated and consolidated functions while utilising the new features of SAP S/4HANA Cloud to drive data-driven operations. This initiative aims to accelerate Digital Transformation, achieve efficient migration using existing assets, and standardise global operations. UBE continues to enhance business efficiency, stability, and quality through its Digital Transformation efforts.