SAP SE (SAP): Q3 2019 Earnings Snapshot

— SAP SE (NYSE: SAP) reported third quarter 2019 non-IFRS earnings of €1.30 per share, up 14% year-over-year.

— Total revenue grew 13% to €6.8 billion.

— Cloud and software revenue spiked 12% to €5.63 billion.  New cloud bookings jumped 39%, primarily driven by a new 3-year partnership with Microsoft (NASDAQ: MSFT). Revenue recognition from this deal starts in the fourth quarter of 2019.

— Reiterates outlook on FY19 non-IFRS cloud revenue in the range of €6.7 − €7.0 billion at constant currencies, up 33% – 39%.

— Non-IFRS operating profit for FY19 is predicted to be €7.85 – €8.05 billion at constant currencies, up 9.5% – 12.5%.

— SAP shares gained 1.7% during pre-market trading hours.

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