SAP: revises FY sales targets.
(CercleFinance.com) - On Thursday SAP published its Q2 results.
They included operating profit excluding extraordinary items of 1.57 billion euros.
Although rising by 4% and up 3% at constant currencies, results were disappointing, insofar as analysts were expecting 1.59 billion euros.
In contrast, revenues slightly exceeded expectations, increasing 10% and up 9% at constant exchange rates to 5.78 billion euros, due to dynamic sales at the "Cloud" (+29% at constant exchange rates to 932 million euros), while licensing and support sales grew by 5% (+4% at constant exchange rates) to about 3.83 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
They included operating profit excluding extraordinary items of 1.57 billion euros.
Although rising by 4% and up 3% at constant currencies, results were disappointing, insofar as analysts were expecting 1.59 billion euros.
In contrast, revenues slightly exceeded expectations, increasing 10% and up 9% at constant exchange rates to 5.78 billion euros, due to dynamic sales at the "Cloud" (+29% at constant exchange rates to 932 million euros), while licensing and support sales grew by 5% (+4% at constant exchange rates) to about 3.83 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.