SAP SE today announced its financial results for the third quarter and nine months ended September 30, 2014.
SAP Accelerates Shift to the Cloud with 41% Revenue Growth in Third Quarter and Once Again Raises Cloud Revenue Outlook – Broad Market Adoption of SAP HANA – “Run Simple” Strategy Validated
- Fastest Growing Enterprise Cloud Company at Scale: Non-IFRS Cloud Subscriptions and Support Revenue Increased 41% to €278 Million
- Strong Cloud Billings: Non-IFRS Calculated Cloud Billings Increased 51%
- Expanding the World’s Largest Business Network: More Than 1.6 Million Companies Transacting Nearly $600 Billion of Frictionless Commerce
- Broad Market Adoption of SAP HANA: More Than 4,100 HANA Customers and More Than 1,450 Business Suite on HANA Customers Demonstrate the Clear Business Benefits of the Leading Real-Time Business Platform
- Higher Revenue Share from More Predictable Cloud & Support Revenue: 62% in Third Quarter 2014 up From 59% a Year Ago
- Strong Overall SSRS Performance and Growing Operating Profit Despite Mix Shift to Cloud Subscription: Non-IFRS Software and Software-Related Service Revenue Increased 7% to €3.6 Billion, Non-IFRS Operating Profit Increased 5% to €1.36 Billion
- Non-IFRS Earnings Per Share Increased 8% to €0.84 Per Share
- Full Year Outlook Reflecting Accelerated Shift to the Cloud: Raising Non-IFRS Cloud Subscriptions and Support Revenue Outlook to €1,040 - €1,070 Million and Now Expecting Non-IFRS Operating Profit Outlook in a Range of €5.6 - €5.8 Billion at Constant Currencies
To view an unabridged version of this press release, visit: http://global.sap.com/news-reader/index.epx?category=ALL&articleID=23703&searchmode=C&page=1&pageSize=10
