SAP: Q2 results resist

(CercleFinance.com) - On Monday SAP reported improvements in its results and margins for its second quarter, in particular thanks to the sound performance of its cloud division and despite a market described as "difficult and uncertain".


The German enterprise software specialist also confirmed its FY 2020 forecasts.

At constant exchange rates, the group's non-IFRS operating profit is still expected to be between 8.1-8.7 billion euros this year.

Q2 operating profit rose by 7% to 1.96 billion euros, driven by a 1.8-point increase in its operating margin to 29.1%, which in particular benefited from a reduction in restructuring costs.

As expected, the Walldorf based group's revenues edged up by 1% to 6.7 billion euros over the quarter, driven by the cloud business, which posted an 18% increase.


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