Cloud Growth Soars Beyond Expectations
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 Soft-ware 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 Ex-pected Cloud Momentum
- EPS Down 1% (IFRS) and Up 13% (Non-IFRS)
- SAP Raises 2018 Outlook Again Backed by Strong Cloud and Overall Business Momentum
SAP SE (NYSE: SAP) today announced its financial results for the third quarter 2018 ended September 30, 2018.
Read the Q3 2018 Quarterly Statement
