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SAP AG (SAP)

- NYSE
  • Tue, Jul. 21, 3:30 AM
    • Citing acquisition-related charges, restructuring expenses and higher stock-based compensation outlays, SAP (NYSE:SAP) posted a 15% decline in Q2 net profit of €471M vs. €557M in the same period a year earlier.
    • SAP has struggled with shrinking profits in recent quarters, as CEO Bill McDermott looks to shift the company's focus toward cloud based offerings.
    • The company also reiterated its guidance for 2015, saying it expects a non-IFRS operating profit of between €5.6B-€5.9B and full year non-IFRS revenue for cloud subscriptions of €1.95B-€2.05B.
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  • Mon, Jul. 20, 5:30 PM
  • Tue, Apr. 21, 4:33 AM
    • With a weaker euro boosting revenue from markets including the U.S., SAP reported first-quarter sales that topped analysts' estimates, rising 22% to €4.5B.
    • Revenue from software licenses and support rose 16% to €3.15B, while sales from cloud subscriptions and support more than doubled to €509M.
    • "Our plan is to be a growth company," CEO Bill McDermott said on a conference call. "We have no interest in announcing that we didn’t grow and then detailing the costs we cut to hold expenses in line."
    • Excluding the boost from currency swings, operating profit and profit margins declined during the quarter, mainly due to acquisitions including Concur Technologies and Fieldglass.
    • SAP also reiterated its full-year forecasts of for non-IFRS operating profit of between €5.6B-€5.9B at constant currencies, and non-IFRS revenue for cloud subscriptions and support of €1.95B-€2.05B.
    • SAP +1.4% premarket
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  • Mon, Apr. 20, 5:30 PM
  • Tue, Jan. 20, 6:06 AM
    • SAP AG (NYSE:SAP): Q4 EPS of €1.09 misses by €0.24.
    • Revenue of €5.46B (+6.8% Y/Y) beats by €10M.
    • Press Release
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  • Tue, Jan. 20, 2:50 AM
    • SAP (NYSE:SAP) has lowered its profit outlook for 2017, saying its push into cloud-based software would eat into its profit margins.
    • "I think we're doing the right transition, we're a growth company and this is what the investor wants," said SAP Chief Executive Bill McDermott.
    • The company announced earlier that it expected to reach an operating margin of 35% on revenues of up to €22B in 2017 resulting in an operating profit of around €7.7B, but now expects operating profit of €6.3B-€7B on revenues of €21B-€22B.
    | 1 Comment
  • Mon, Jan. 19, 5:30 PM
  • Mon, Jan. 12, 10:34 AM
    • SAP reports non-IFRS preliminary Q4 revenue of €5.47B ($6.45B), +7% Y/Y (+4% at constant currency) and above a €5.37B consensus. Q3 growth was 5% in both euros and constant currency.
    • Q4 growth was fueled by a 72% Y/Y increase in cloud subscription/support revenue (boosted by the Concur deal, which closed on Dec. 4) to €360M. Traditional software license revenue -2% to €1.87B; support revenue (driven by past software deals) +10% to €2.51B. Cloud billings +115% to €591M.
    • Op. profit +1% (-2% at constant currency) to €2.13B, and op. margin -210 bps to 38.9%. For the whole of 2014, revenue rose 4% to €17.56B ($20.7B), and op. profit fell 3% to €4.33B.
    • Full Q4 results, along with SAP's 2015 outlook, are due on Jan. 20.
    | 1 Comment
  • Oct. 20, 2014, 4:29 AM
    • SAP (NYSE:SAP) cut its outlook for full-year operating profit as customers moved to cloud-based software rather than packaged software, delaying recognition of those sales.
    • The company now expects 2014 operating profit, excluding some special items of €5.6B-5.8B ($7.1B-7.4B), down from 5.8B-6B previously.
    • Despite cutting its outlook, SAP reported €880M in net profit for the period ended Sept. 30 vs. €762M for the same period a year ago. Total revenue rose 5% to €4.3B from €4.1B a year earlier.
    • SAP -4.8% premarket
    | 3 Comments
  • Oct. 19, 2014, 5:30 PM
  • Jul. 17, 2014, 10:20 AM
    • Though SAP (SAP +2%) missed Q2 revenue estimates (while beating on EPS), it's reiterating its forecast for 6%-8% constant currency software and software-related service revenue growth. Cloud subscription/support revenue is now expected to make up €1B-€1.05B of that total, up from €950M-€1B.
    • 2014 constant op. profit guidance of €5.8B-€6B is being reiterated. If currency rates remain at June levels, forex is expected to have a 2% 2014 impact on revenue and op. profit growth.
    • Cloud subscription/support revenue rose 32% Y/Y (to €242M) in Q2, even with Q1's clip. Traditional software license revenue (hurt by cloud competition) fell 2% (to €957M), an improvement from Q1's 5% decline. Support revenue (based on past deals, fairly stable) rose 4% (to €2.28B) vs. 5% in Q1.
    • Cost controls helped drive the EPS beat: Opex only rose fractionally Y/Y to €2.92B, even as headcount rose 4% to 67,651.
    • SAP's annual cloud revenue run rate rose to ~€1.2B from ~€1.1B at the end of Q1. ~1.2K customers are now running its core Business Suite on top of the Hana in-memory database (up from ~1K), and there are ~3.6K Hana customers altogether (up from ~3.2K). Deferred cloud subscription/support revenue rose 29% Y/Y to €448M.
    • Q1 results, PR
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  • Jul. 17, 2014, 6:16 AM
    • SAP (NYSE:SAP): Q2 EPS of €0.79 beats by €0.04.
    • Revenue of €4.15B (+1.5% Y/Y) misses by €70M.
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  • Jul. 16, 2014, 5:30 PM
  • Apr. 17, 2014, 11:42 AM
    • Though SAP's (SAP -2.1%) non-IFRS cloud subscription/support revenue rose 32% Y/Y in Q1 (even with Q4's rate) to €221M, its traditional software license revenue fell 5% to €623M after growing 1% in Q4.
    • Much like archrival Oracle's 2013 license revenue misses, the latter figure is bound to trigger fears about the impact of cloud software competition.
    • Support revenue (driven by software licenses, relatively steady) rose 5% Y/Y to €2.21B, and all other revenue fell 8% to €643M. Opex rose just 2% Y/Y.
    • A strong euro took a toll: Whereas revenue and op. profit each rose 2% Y/Y at current exchange rates, they've would've risen 6% and 7% at constant currency. SAP expects a similar forex impact for the whole of 2014.
    • SAP now has 3.2K+ Hana customers, up from 3K+ at the end of 2013, and nearly 1K customers now run its core Business Suite on Hana (up from 800). But no Hana revenue figure is given; Hana revenue rose 61% in 2013 to €633M.
    • Cloud billings rose 23% Y/Y to €228M (36% exc. forex), and the cloud deferred revenue balance 20% to €454M (29% exc. forex).
    • In spite of the Q1 miss, SAP is reiterating its full-year revenue and op. profit forecasts.
    • Q1 results, PR
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  • Apr. 17, 2014, 6:10 AM
    • SAP AG (SAP): Q1 EPS of €0.56 misses by €0.03.
    • Revenue of €3.7B (+1.6% Y/Y) misses by €150M.
    • Press Release
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  • Apr. 17, 2014, 12:05 AM
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Company Description
SAP SE sells licenses for software solutions and related support services. It also offers consulting, training and other services for its software solutions.
Sector: Technology
Country: Germany