SAP 4Q Net Profit, Revenue Increased; Raises 2020 Guidance
28 January 2020 - 6:00PM
Dow Jones News
By Mauro Orru
SAP (SAP.XE) said Tuesday that net profit and revenue for the
fourth quarter of 2019 increased on year, and it upwardly revised
guidance for 2020.
The German software company reported net profit of 2.18 billion
euros ($2.4 billion) on a non-IFRS basis in the fourth quarter
compared with EUR1.79 billion a year earlier. Operating profit for
the period was EUR2.84 billion on a non-IFRS basis, beating Vara
Research estimates of EUR2.83 billion.
Revenue was EUR8.05 billion on a non-IFRS basis, up from EUR7.43
billion a year earlier, with cloud and software contributing
EUR6.86 billion on a non-IFRS basis, against Vara Research
estimates of EUR6.92 billion.
SAP said it now expects 2020 revenue on a non-IFRS basis of
between EUR29.2 billion and EUR29.7 billion at constant currencies,
up from previous guidance of EUR28.6 billion and EUR29.2 billion.
It also sees 2020 operating profit on a non-IFRS basis of between
EUR8.9 billion and EUR9.3 billion at constant currencies, up from
previous guidance of between EUR8.8 billion and EUR9.1 billion.
Write to at mauro.orru@wsj.com
(END) Dow Jones Newswires
January 28, 2020 01:45 ET (06:45 GMT)
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