SAP: stock down after quarterly results
(CercleFinance.com) - The SAP stock is down 4% in Frankfurt today, after the software developer presented Q3 non-IFRS operating profit that is up 6% at 1.
74 billion euros, thus missing the consensus of 1.8 billion euros.
The German group saw its revenues increase by 8% to slightly over six billion euros (+10% excluding FX factors), with subscription revenues to the cloud now 40% higher than those of software licenses.
Due to the dynamic nature of its business, SAP is raising its (non-IFRS) targets for operating profit and revenue, which are now expected between 7,425 million euros and 7,525 million euros and between 25.2 billion euros and 25.5 billion euros respectively.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
74 billion euros, thus missing the consensus of 1.8 billion euros.
The German group saw its revenues increase by 8% to slightly over six billion euros (+10% excluding FX factors), with subscription revenues to the cloud now 40% higher than those of software licenses.
Due to the dynamic nature of its business, SAP is raising its (non-IFRS) targets for operating profit and revenue, which are now expected between 7,425 million euros and 7,525 million euros and between 25.2 billion euros and 25.5 billion euros respectively.
Copyright (c) 2018 CercleFinance.com. All rights reserved.