SAP SE: Solid Start to 2020 Amidst COVID-19 Crisis
SAP SE ADS (SAP)
Last sap se ads earnings: 4/21 01:00 am
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Source: PR Newswire
WALLDORF, Germany, April 21, 2020 /PRNewswire/ --IFRS Cloud Revenue Up 29%; Non-IFRS Cloud Revenue Up 27% IFRS Cloud Gross Margin Up 5pp; Non-IFRS Cloud Gross Margin Up 3pp Current Cloud Backlog Up 25% Total Revenue Up 7% IFRS Operating Profit Increased Strongly To €1.2bn; Non-IFRS Operating Profit At €1.5bn, Up 1% IFRS Operating Margin Up 20.8pp; Non-IFRS Operating Margin Down 1.3pp IFRS EPS Increased Strongly To €0.68; Non-IFRS EPS At €0.85, Down 5% Operating Cash Flow Up 6%, Free Cash Flow Up 9% Cloud RevenueTotal Revenuein € millionsin € millionsIFRSNon-IFRSIFRSNon-IFRS2,0112,0126,5216,522+29%+27% (+25% cc)+7%+7% (+5% cc)The share of more predictable revenue reached 76% in the first quarter of 2020 (+4 percentage points)Cloud & Software RevenueOperating Profitin € millionsin € millionsIFRSNon-IFRSIFRSNon-IFRS5,3975,3981,2101,482+
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