DGAP-Adhoc

SAP SE: Cloud Business Surges, Up 116% - Record Third Quarter Non-IFRS Cloud and Software Revenue - Non-IFRS Operating Profit Up 19% - Seite 2

Operating margin (in %) 24.3 27.2 2.9pp 32.4 31.8 0.6pp 1.3pp
Basic earnings per share
(EUR) 0.75 0.74 2% 0.98 0.84 16%



(1) All figures are preliminary and unaudited.
(2) For a detailed description of SAP's non-IFRS measures see Explanation
of Non-IFRS Measures online

FINANCIAL RESULTS IN THE FIRST NINE MONTHS 2015 (1)

IFRS Non-
IFRS (2)
EUR billion, unless 9M 9M % 9M 9M % % change
otherwise stated 2015 2014 chan 2015 2014 chan const. curr.
ge ge

Cloud subscriptions and
support 1.65 0.74 124% 1.66 0.74 124% 92%
Software licenses 2.69 2.53 6% 2.69 2.53 6% -1%
Software support 7.49 6.49 16% 7.49 6.49 15% 7%
Software licenses and
support 10.18 9.02 13% 10.18 9.02 13% 4%
Cloud and software 11.84 9.76 21% 11.85 9.76 21% 11%
Total revenue 14.45 12.10 19% 14.46 12.11 19% 9%
Operating profit 2.55 2.58 -1% 4.07 3.51 16% 5%
- -
Operating margin (in %) 17.7 21.3 3.6pp 28.1 29.0 0.9pp -1.0pp
Basic earnings per share
(EUR) 1.49 1.65 -10% 2.37 2.19 8%



(1) All figures are preliminary and unaudited.
(2) For a detailed description of SAP's non-IFRS measures see Explanation
of Non-IFRS Measures online.


BUSINESS OUTLOOK 2015

The Company reiterates the following 2015 outlook:

- Based on the strong momentum in SAP's cloud business the Company
expects full-year 2015 non-IFRS cloud subscriptions and support revenue
to be in a range of EUR1.95 - EUR2.05 billion at constant currencies
(2014: EUR1.10 billion). The upper end of this range represents a
growth rate of 86% at constant currencies. Concur and Fieldglass are
expected to contribute approximately 50 percentage points to this
growth.

- The Company expects full year 2015 non-IFRS cloud and software revenue
to increase by 8% - 10% at constant currencies (2014: EUR14.33
billion).

- The Company expects full-year 2015 non-IFRS operating profit to be in a
range of EUR5.6 billion - EUR5.9 billion at constant currencies (2014:
EUR5.64 billion).

The company will report its complete third quarter and nine months 2015
results
on October 20th.


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