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Company Earning Updates 4 minutes

SAP (XTRA: SAP) 3Q19 Results: Beats Consensus with Strong Cloud Growth, Announced CEO Transition

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Coresight Research

Key Points

  • SAP reported adjusted 3Q19 revenues of €6.81 billion, up 12.9% year over year. Adjusted EPS was €1.30, up 14.3% and beating the €1.19 consensus estimate.
  • Cloud drove growth in the quarter, with adjusted revenues growing 37%.
  • SAP reiterated guidance for 2019 and 2020, and its 2023 goal (called “ambition”).

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