WALLDORF — SAP SE (NYSE: SAP) today announced its financial results for the first quarter ended March 31, 2019.
Stellar Start to the Year Across Cloud and Core Business
SAP Raises 2019 Operating Profit Outlook:
- Cloud Revenue Exceeds €1.5 Billion for the First Time in a Quarter, Up 45% (IFRS), Up 48% (Non-IFRS)
- SAP Now the Leader in Experience Management XM with Qualtrics
- New Cloud and Software Order Entry Up 17%
- Cloud and Software Revenue and Total Revenue Up Double-Digit
- Cloud Gross Margin Accelerates, Up 3 PP (IFRS) and 4 PP (Non-IFRS) Sequentially
- Operating Loss (IFRS) of –€136 Million Due to Previously Announced Restructuring,
Operating Profit (Non-IFRS) of €1,467 Million, Up 19% - Increased Focus on Operational Excellence – Targeting on Average 1 Percentage Point of Non-IFRS Operating Margin Expansion per Year from 2018 through 2023; SAP to Host Special Capital Markets Day on November 12, 2019
