Company Earnings Update 4 minutesRegister for Free Access

SAP 1Q19 Results: Beats Consensus, Rapid Cloud Growth, Maintains/Raises 2019-2020 Guidance

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? Register for a free user account.