SAP to end activities on Russian market

MOSCOW. April 19 (Interfax) - German corporate segment software developer SAP will fully cease operations in Russia and Belarus, SAP said in a statement.

The company said at the beginning of March that it had ceased concluding new contracts, although it was continuing to work with existing clients from Russia.

SAP is now planning to exit the support and maintenance of on-premise products in Russia. The company is still evaluating multiple options to execute this decision, but it "is also important to note that regardless of any SAP decision, existing customers in Russia using on-premise software will still be able to use their products," the statement said.

As concerns cloud services, the company has "given non-sanctioned companies in Russia the choice to have their data deleted, sent to them, or migrated to a data center outside of Russia. For those Russian companies who choose the migration path, we will not renew their contract upon expiration of the current subscription term," the statement said.

SAP develops various software programs for corporate use. The revenue of SAP CIS according to its financial statements rose 2.5% in 2021 to 36.6 billion rubles. Its net profit rose 1.6-fold to 2.15 billion rubles.