DGAP-Adhoc
SAP SE: SAP Announces Preliminary First Quarter 2016 Results
SAP SE / Key word(s): Quarterly / Interim Statement/Preliminary Results
08.04.2016 23:46
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Cloud Revenue Up 33%
IFRS EPS Up 37% - Non-IFRS EPS Up 9%
SAP Reiterates Outlook Reflecting Strong Pipeline
- Following a record finish in 2015, solid growth in seasonally smallest
quarter
- Non-IFRS cloud and software revenue increased 5% to EUR3.85 billion (6%
at constant currencies)
- SAP S/4HANA momentum continues, now exceeding 3,200 customers
- Growing operating profit amidst industry transformation in contrast to
main peer
- IFRS earnings per share up 37%, Non-IFRS earnings per share up 9% to
EUR0.64
- Second quarter off to a strong start with several software and cloud
deals closing in early April
- High visibility into strong second quarter and full year pipeline
across all regions indicates increasing momentum as the year progresses
- SAP firmly reiterates outlook
WALLDORF, Germany - April 8, 2016 - After an initial review of its first
quarter 2016 performance, SAP SE (NYSE: SAP) today announced its
preliminary financial results for the first quarter ended March 31, 2016.
All 2016 figures in this release are approximate due to the preliminary
nature of the announcement.
SAP had strong growth in the cloud, ahead of its mid-term aspirations.
First quarter non-IFRS cloud subscriptions and support revenue grew 33%
year-over-year (33% at constant currencies) to EUR0.68 billion. New cloud
bookings (*) grew a solid 22% (25% at constant currencies) in the first
quarter and reached EUR0.14 billion.
The rapidly growing cloud business together with solid growth in support
revenue drove a record share of more predictable revenue. The total of
cloud subscriptions & support revenue and software support revenue reached
69% share of total revenue in the first quarter 2016.
The Company had a solid software revenue performance in EMEA and APJ.
Continuing political and macroeconomic instability in Latin America, in
particular in Brazil, weighed on first quarter performance. North America,
coming off a very strong fourth quarter in 2015, had a slower than
anticipated start to the year. SAP's pipeline remains strong across all
regions.
SAP S/4HANA momentum continued in the first quarter as customers
increasingly embrace the benefits of running simple and real time. SAP
added more than 500 S/4HANA customers in the quarter, of which
approximately 30% are net new SAP customers. The S/4HANA innovation cycle
IFRS EPS Up 37% - Non-IFRS EPS Up 9%
SAP Reiterates Outlook Reflecting Strong Pipeline
- Following a record finish in 2015, solid growth in seasonally smallest
quarter
- Non-IFRS cloud and software revenue increased 5% to EUR3.85 billion (6%
at constant currencies)
- SAP S/4HANA momentum continues, now exceeding 3,200 customers
- Growing operating profit amidst industry transformation in contrast to
main peer
- IFRS earnings per share up 37%, Non-IFRS earnings per share up 9% to
EUR0.64
- Second quarter off to a strong start with several software and cloud
deals closing in early April
- High visibility into strong second quarter and full year pipeline
across all regions indicates increasing momentum as the year progresses
- SAP firmly reiterates outlook
WALLDORF, Germany - April 8, 2016 - After an initial review of its first
quarter 2016 performance, SAP SE (NYSE: SAP) today announced its
preliminary financial results for the first quarter ended March 31, 2016.
All 2016 figures in this release are approximate due to the preliminary
nature of the announcement.
SAP had strong growth in the cloud, ahead of its mid-term aspirations.
First quarter non-IFRS cloud subscriptions and support revenue grew 33%
year-over-year (33% at constant currencies) to EUR0.68 billion. New cloud
bookings (*) grew a solid 22% (25% at constant currencies) in the first
quarter and reached EUR0.14 billion.
The rapidly growing cloud business together with solid growth in support
revenue drove a record share of more predictable revenue. The total of
cloud subscriptions & support revenue and software support revenue reached
69% share of total revenue in the first quarter 2016.
The Company had a solid software revenue performance in EMEA and APJ.
Continuing political and macroeconomic instability in Latin America, in
particular in Brazil, weighed on first quarter performance. North America,
coming off a very strong fourth quarter in 2015, had a slower than
anticipated start to the year. SAP's pipeline remains strong across all
regions.
SAP S/4HANA momentum continued in the first quarter as customers
increasingly embrace the benefits of running simple and real time. SAP
added more than 500 S/4HANA customers in the quarter, of which
approximately 30% are net new SAP customers. The S/4HANA innovation cycle
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