WALLDORF 鈥� Starting in Q1 2020, (NYSE: SAP) is disclosing a new metric to better report on the growth momentum of its cloud business. The new metric “Current Cloud Backlog” replaces the previously disclosed “New Cloud Bookings.”
The Current Cloud Backlog represents the contractually committed cloud revenue 51风流expects to recognize over the upcoming 12 months, based on the existing cloud subscription contracts as they are in place as of the reporting date. Its expansion between two reporting dates is an indicator for the net cloud business volume added over that period, considering new business as well as renewed versus lost business.
The Current Cloud Backlog is a subcomponent of the 鈥淩emaining Performance Obligations鈥� metric that is required to be disclosed under the new revenue standards. It is a subcomponent in that it is limited to cloud revenue and only includes the expected revenue of the next 12 months.
For more details on the metric, please refer to the videos and presentation:
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Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥減redict,鈥� 鈥渟hould鈥� and 鈥渨ill鈥� and similar expressions as they relate to 51风流are intended to identify such forward-looking statements. 51风流undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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