Company Earnings UpdateSAP 1Q19 Results: Beats Consensus, Rapid Cloud Growth, Maintains/Raises 2019-2020 Guidance Coresight Research April 25, 2019 Executive Summary SAP reported 1Q19 revenues of €6.12 billion, up 16.3% year over year and beating the €5.95 billion consensus estimate. Adjusted EPS was €0.90, up 24.4% and beating the €0.83 consensus estimate. Cloud subscriptions and support was the fastest-growing segment, with adjusted revenues growing 48%. The company reiterated revenue guidance, raised its operating profit guidance for 2019 and 2020 and announced a 2023 goal of €35 billion in adjusted revenue. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Tariffs: Who Wins, Who Loses and What It Means for the EconomyIndia’s Maha Kumbh Mela 2025: How Convenience, Technology and Sustainability Powered a Multibillion-Dollar FestivalCEO Brief: A Turning Point for US Consumers and the Economy?Sector Focus: E-Commerce Retailers and Marketplaces—Data Graphic
