The SAP quarterly figures have just been published. Here are the key figures.
Sales amounted to 8.04 billion Euros (previous year quarter 7.43).
The profit (operating result) is EUR 2.13 billion (prior-year quarter 2.4).
Shortly before the start of trading, the share is quoted at -1.3%.
Here is the outlook quoted by SAP (slightly better than previously expected):
Outlook – fiscal year 2020
Due to its strong growth momentum, SAP provides the following outlook, replacing the previous financial targets for 2020:
-SAP expects cloud business revenues (non-IFRS, adjusted for currency translation effects) to be in a range between €8.7 billion and €9.0 billion (2019: €7.01 billion). This range corresponds to a currency-adjusted growth rate of 24% to 28%.
-SAP expects that non-IFRS cloud and software revenue ( adjusted for currency translation effects) will range between €24.7 billion and €25.1 billion (2019: €23.09 billion). This range represents a growth rate of 7% to 9% on a currency-adjusted basis.
-SAP expects revenue (non-IFRS, currency-adjusted) to be in the range of €29.2 billion to €29.7 billion (2019: €27.63 billion). This range corresponds to a growth rate of 6% to 8% after adjusting for currency effects.
-SAP expects operating income (non-IFRS, currency-adjusted) to be in a range between €8.9 billion and €9.3 billion (2019: €8.21 billion). This range represents a growth rate of 8% to 13% adjusted for currency translation effects.
-SAP expects that more predictable revenue as a percentage of total revenue (defined as the sum of cloud revenue and software support revenue) will reach approximately 70%.
While SAP’s outlook for the full year 2020 is given without considering exchange rates, SAP expects that reported growth rates based on current exchange rates will be affected by exchange rate fluctuations during the year.