SAP Labs India doubles its profit in 3 years

At a time when SAP has announced restructuring of 8,000 jobs globally, SAP Labs India (biggest R&D centre of SAP outside Germany) has been a bright spot by doubling its profit over the last three years.

On the contrary, SAP India (the firm’s business subsidiary in India) has seen profit coming down by 15% in the same period.

SAP Labs India’s profit for the year 2023 was €99,539,000, as compared to €46,409,000 in 2020. SAP follows January-December as its financial calendar. The India R&D revenue grew from €568 million in 2020 to €890 million in 2023, a growth of 57% in the last three years.