SAP SE: Cloud Growth Soars Beyond Expectations

PRNewswire

Oct 18, 2018

SAP Raises 2018 Outlook

- Cloud Subscription Revenue Up 39% (IFRS) and Up 41% (Non-IFRS at Constant Currencies)

- Cloud Eclipsing Software Even Faster than Expected: Cloud Subscription Revenue Now 40% Larger than Software License Revenue

- Accelerated New Cloud Bookings Growth, Up 36% (37% at Constant Currencies)

- Continued Strong New Cloud and Software License Order Entry, Up 12% at Constant Currencies

- Total Revenue Up 8% (IFRS) and Up 10% (Non-IFRS at Constant Currencies)

- Operating Profit Down 6% (IFRS) and Up 11% (Non-IFRS at Constant Currencies) Even with Stronger than Expected Cloud Momentum

- EPS Down 1% (IFRS) and Up 13% (Non-IFRS)

- SAP Raises 2018 Outlook Again Backed by Strong Cloud and Overall Business Momentum

PR Newswire

WALLDORF, Germany, Oct. 18, 2018

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