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MarketScreener Homepage  >  Equities  >  Xetra  >  SAP AG    SAP   DE0007164600

SAP AG

(SAP)
  Report  
Real-time Quote. Real-time Tradegate - 10/21 01:40:26 am
116.65 EUR   +0.72%
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SAP SE : Profit Lifted by Cloud Subscriptions

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10/20/2015 | 01:29am EDT
By Christopher Alessi 

FRANKFURT--German business software provider SAP SE on Tuesday said it had posted a 2% rise in net profit for the third quarter, helped by new subscriptions for its Internet cloud-based products.

Net profit for the period ended Sept. 30 was EUR898 million, compared with EUR880 million during the same period last year.

The company also provided a net profit figure of EUR1.17 billion based on calculations that aren't recognized under international financial reporting standards. Analysts had predicted a non-IFRS net profit of EUR1.09 billion for the quarter, according to a recent poll conducted by The Wall Street Journal.

"Clearly the third quarter is a beat," said Chief Executive Bill McDermott, suggesting that the company had a chance to "outrun" its guidance for the full year.

SAP last week reiterated its outlook for fiscal year 2015, saying its expects full-year non-IFRS cloud subscriptions and support revenue to be in a range of EUR1.95 billion to EUR2.05 billion at constant currencies. Full year non-IFRS operating profit should be in a range of EUR5.6 billion to EUR5.9 billion at constant currencies.

SAP pre-released some of its third quarter figures last week, reporting a 5% increase in the company's closely watched operating profit, to EUR1.21 billion. Total revenue rose by 17% to EUR4.98 billion, buoyed by strong growth in the cloud and a solid uptake of new on-premise software licenses. Cloud subscriptions and support revenue increased by over 100% to EUR599 million year-over-year.

Write to Christopher Alessi at christopher.alessi@wsj.com

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Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE -0.36% 8.799 Delayed Quote.1.99%
SAP AG -0.16% 115.82 Delayed Quote.33.23%
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Financials (EUR)
Sales 2019 27 522 M
EBIT 2019 8 111 M
Net income 2019 3 229 M
Debt 2019 9 689 M
Yield 2019 1,31%
P/E ratio 2019 43,8x
P/E ratio 2020 27,1x
EV / Sales2019 5,38x
EV / Sales2020 4,89x
Capitalization 138 B
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Technical analysis trends SAP AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 129,08  €
Last Close Price 115,82  €
Spread / Highest target 32,1%
Spread / Average Target 11,4%
Spread / Lowest Target -24,9%
EPS Revisions
Managers
NameTitle
William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein COO-Intelligent Enterprise Group
Luka Mucic Chief Financial Officer
Juergen Mueller Head-Innovation & Technology
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