HALISTER: SAP 2Q Non-IFRS Operating Profit Beats Est.; Sticks to Outlook

SAP 2Q Non-IFRS Operating Profit Beats Est.; Sticks to Outlook

(Bloomberg) -- 2Q non-IFRS total rev. EU5.24b; est. EU5.22b (20 analysts)
  • 2Q non-IFRS software rev. EU1.04b; est. EU984m (15 analysts)
  • 2Q non-IFRS new cloud bookings EU255m vs EU199m
  • 2Q non-IFRS cloud subscription/support rev. EU721m; est. EU715.7m (14 analysts)
  • 2Q non-IFRS cloud and software rev. EU4.36b; est. EU4.31b (13 analysts)
  • 2Q non-IFRS operating profit EU1.52b; est. EU1.45b (15 analysts)
  • 2Q non-IFRS operating margin 28.9%; est. 27.6% (15 analysts)
  • Confirms 2016 outlook:
    • Sees 2016 non-IFRS cloud subscriptions and support rev. EU2.95b-EU3.05b (constant FX)
    • Sees 2016 non-IFRS cloud & software rev. up 6%-8% (constant FX)
    • Sees 2016 operating profit EU6.4b-EU6.7b (constant FX)
  • Says on actual FX vs constant FX:
    • Sees 3Q non-IFRS cloud & software rev. growth rates, non-IFRS operating profit growth at actual currency in range of -1ppt to +1ppt
    • Sees 2016 non-IFRS cloud & software rev. growth rates, non-IFRS op profit growth rates at actual currency in range of 0ppt to -2ppt
  • Statement, preview here
  • Conference call July 20, 2pm CET, domestic 213 536 4059, international +44 203 059 8131, pin for both 8341017, 14999
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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