— 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.
Most Popular
Infographic: How UnitedHealth Group (UNH) performed in Q1 2024
UnitedHealth Group (NYSE: UNH) reported its first quarter 2024 earnings results today. Revenues increased 9% year-over-year to $99.8 billion. Net loss attributable to UnitedHealth Group common shareholders was $1.4 billion,
MS Infographic: Morgan Stanley reports higher revenue and profit for Q1 2024
Banking giant Morgan Stanley (NYSE: MS) announced financial results for the first quarter of 2024, reporting an increase in revenues and net profit. Net income applicable to shareholders was $3.41
BAC Earnings: All you need to know about Bank of America’s Q1 2024 earnings results
Bank of America (NYSE: BAC) reported its first quarter 2024 earnings results today. Total revenue decreased 2% year-over-year to $25.8 billion. Net income was $6.7 billion, or $0.76 per share,
