SAP Q2 adds cloud customers, loses operating profit to expenses [Seeking Alpha]
SAP SE ADS (SAP)
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Source: Seeking Alpha
SAP’s (NYSE: SAP ) Q2 results include a 9% year-over-year growth in IFRS and non-IFRS cloud and software revenue, up to €4.76B. IFRS operating profit was down 27% due to restructuring expenses and share compensation expenses. Non-IFRS operating profit was up 4%. Removing the software performance, IFRS and non-IFRS cloud subscriptions and support revenues were up 28% on the year to €932M. New cloud bookings were up 33%. SAP added about 500 S/4HANA customers in the quarter with 30% of those as net new customers. Total S/4HANA customer count up 70% on the year to 6,300. FY17 guidance: SAP expects non-IFRS cloud subscriptions and support revenue between €3.8B and €4B, up from €2.99B last year. Non-IFRS cloud and software revenue expected to grow by 6.5% to 8.5%. Total non-IFRS revenue expected between €23.3B and €23.7B compared to €22.07B in 2016. SAP shares are premarket. Previously: SAP SE reports Q2 results (July 20) Now read: Wall S
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SAP
Earnings
- 4/22/24 - Miss
SAP
Sec Filings
- 4/24/24 - Form 6-K
- 3/8/24 - Form 6-K
- 2/29/24 - Form 20-F
- SAP's page on the SEC website