Company Earnings UpdateSAP (XTRA: SAP) 2Q19 Results: Misses Consensus Estimates, Cloud Growth Remains Robust, Maintains Guidance Coresight Research July 22, 2019 Executive Summary SAP reported adjusted 1Q19 revenues of €6.66 billion, up 10.7% year over year and missing the €6.71 billion consensus estimate. Adjusted EPS was €1.09, up 11.1% and missing the €1.11 consensus estimate. Customer and experience management was the fastest-growing segment, with adjusted revenues growing 81%. SAP reiterated its guidance for 2019 and 2020, and its 2023 goal (called “ambition”). 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: Three Data Points We’re Watching This Week, Week 6: US Consumer and Retail FocusUS Apparel & Footwear Retailing—Themes, Concepts and Innovators: AI, Value, GLP-1 and More To Drive Apparel TransformationEconomic Sentiment Remains Under Pressure; Plus, Apparel Shopping in Focus: US Consumer Survey InsightsKering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their Strengths
