SAP (NYSE:SAP) shares gain 3.7% premarket on Q1 results that beat EPS estimates but narrowly missed on revenue.
Revenue breakdown: New cloud bookings, €245M (+25% Y/Y constant currency); Cloud subscriptions and support revenue, €1.07B (+31% non-IFRS, cc); Software revenue, €625M (-2% non-IFRS, cc); Cloud and software revenue, €4.35B (+9% non-IFRS, cc).
Key metrics: Operating profit, €1.03B (non-IFRS, cc); operating cash flow, €2.58B (-10%); FCF, €2.15B (-17%); net liquidity, €546M.
Upside FY18 guidance was raised to reflect the Callidus acquisition closing and has revenue of €24.8-25.3B (consensus: €24.3B). Non-IFRS cloud subscriptions and support revenue expected from €4.95B to €5.15B (+31% to 35% in constant currency; was: €4.8 - €5.0B). Cloud and software revenue expected from €20.85B to €21.25B (+6.5% to 8.5%; was: €20.7B to €21.1B). Operating profit expected from €7.35B to €7.5B (+8.5% to 11%; was: €7.3B to €7.5B).
Previously: SAP SE EPS in-line, misses on revenue (April 24)
Now read: XBRL Leader In Firm Control »
Subscribe for full text news in your inbox