SAP SE (NYSE:SAP) pre-announced results for its fourth quarter on Thursday, with operating profit rising 26% year-over-year to €2.65 billion. However, revenue dropped 6% to 7.54 billion euros. The company said it expects FY21 non-IFRS cloud revenue of €9.1 billion to €9.5 billion.
IFRS Cloud Revenue Up 8%; Non-IFRS Cloud Revenue Up 13% At Constant Currencies. Current Cloud Backlog Up 14% At Constant Currencies
IFRS Software Licenses Revenue Down 15%; Non-IFRS Software Licenses Revenue Down 11% at Constant Currencies. IFRS Cloud & Software Revenue Down 4%; Non-IFRS Cloud & Software Revenue Up 1% at Constant Currencies
IFRS Operating Profit Up 26%; Non-IFRS Operating Profit Up 3% At Constant Currencies. IFRS Operating Margin Up 9.1pp; Non-IFRS Operating Margin Up 1.5pp At Constant Currencies
Said CEO Christian Klein, "The world's leading companies are turning to SAP to become intelligent enterprises. We are reinventing how businesses run by accelerating our customers' transformation in the cloud. Our strong finish to the year and the upcoming launch of our new holistic business transformation offering position us well to meet our new outlook targets."
SAP shares lost $1.59, or 1.3%, to $124.51.
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