HALISTER: SAP 4Q Sales Meet Ests., Raises 2017, 2020 Guidance on Cloud

SAP 4Q Sales Meet Ests., Raises 2017, 2020 Guidance on Cloud

(Bloomberg) -- SAP SE reported 4Q sales of EU 6.7 bln that met average analyst est. and raised 2020 guidance to as much as EU 29 bln.
  • Co. raised 2017 sales guidance to EU 23.2 bln to EU 23.6 bln
  • 4Q non-IFRS op. profit was EU 2.37 bln vs. EU 2.38 bln est.
  • 4Q software license rev. was EU 2.18 bln vs. EU 2.15 bln consensus est. gathered by Barclays
  • Cloud subscription and support rev 4Q was EU 827 mln vs. EU 828 mln consensus est. gathered by Barclays
  • 2017 guidance for EU 6.8 bln to EU 7 bln operating profit. Prior outlook was EU 6.7 bln to EU 7 bln profit
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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