SAP: stock up after targets increased
(CercleFinance.com) - SAP shares are up 1% in Frankfurt today, after the company raised its annual targets, having published Q3 non-IFRS EPS that is up 2% at 1.
74 euro, along with non-IFRS operating profit that is also up 2% at 2.1 billion euros.
However, its non-IFRS operating margin slipped 0.9 point to 30.7%, on revenues that are up 5% to 6.84 billion euros, including an accelerated momentum in the Cloud, where its revenues climbed by 20% to 2.39 billion euros.
On this basis, the German software publisher has raised its FY 2021 targets range, with it now expecting non-IFRS operating profit of 8.1 to 8.3 billion euros at constant exchange rates, instead of 7.95 to 8.25 billion euros.
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74 euro, along with non-IFRS operating profit that is also up 2% at 2.1 billion euros.
However, its non-IFRS operating margin slipped 0.9 point to 30.7%, on revenues that are up 5% to 6.84 billion euros, including an accelerated momentum in the Cloud, where its revenues climbed by 20% to 2.39 billion euros.
On this basis, the German software publisher has raised its FY 2021 targets range, with it now expecting non-IFRS operating profit of 8.1 to 8.3 billion euros at constant exchange rates, instead of 7.95 to 8.25 billion euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.