SAP Announces First Quarter 2019 Results

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