SAP: FY EPS under expectations
(CercleFinance.com) - SAP has published 2018 non-IFRS EPS that is down 2% at 4.
35 euros, 8 cents short of the consensus, although the group's non-IFRS operating profit is up 10% at constant exchange rates at 7.48 billion euros, in line with its target range.
The German software package publisher's revenues increased by 5% to 24.7 billion euros (+11% excluding currency effects), with subscription and support cloud revenue of five billion euros, up 33% (+38% excluding FX factors).
For the first time boasting new orders of over 10 billion euros in a year, SAP expects to continue with profitable growth in 2019 and targets over 35 billion euros in revenue in 2023, with cloud revenues that will have more than tripled.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
35 euros, 8 cents short of the consensus, although the group's non-IFRS operating profit is up 10% at constant exchange rates at 7.48 billion euros, in line with its target range.
The German software package publisher's revenues increased by 5% to 24.7 billion euros (+11% excluding currency effects), with subscription and support cloud revenue of five billion euros, up 33% (+38% excluding FX factors).
For the first time boasting new orders of over 10 billion euros in a year, SAP expects to continue with profitable growth in 2019 and targets over 35 billion euros in revenue in 2023, with cloud revenues that will have more than tripled.
Copyright (c) 2019 CercleFinance.com. All rights reserved.