SAP Hits Increased 2016 Guidance – Raises 2020 Targets

31 Jan 17

Some of the highlights include:

  • New Cloud Bookings Soar 40% in Q4; Cloud Backlog Surges 47% to €5.4 Billion at Year-End
  • Full Year Cloud Subscription and Support Revenue Up 31% to €2.99 Billion (IFRS) and Up 31% to €3.01 Billion (Non-IFRS at Constant Currencies)
  • Full Year Cloud and Software Revenue Up 7% (IFRS) and Up 8% (Non-IFRS at Constant Currencies)
  • Full Year Operating Profit Up 20% to €5.12 Billion (IFRS) and Up 4% to €6.60 Billion (Non-IFRS at Constant Currencies)
  • Full Year EPS Up 18% to €3.03 (IFRS) and Up 3% to €3.89 (Non-IFRS)
  • Targeting More Than 2.6x in Cloud to Reach up to €29 Billion Total Revenue in 2020

Download the full SAP Q4 2016 Quarterly Statement