WALLDORF, Germany, Jan. 24, 2017 /PRNewswire/ -- SAP SE (NYSE:
SAP) today announced its financial results for the fourth quarter
and twelve months ended December 31,
2016.
"SAP's outstanding 2016 performance is the latest in our seven
year run of profitable growth. We expanded our addressable market,
acquired best in class assets and innovated a new generation of ERP
with SAP S/4HANA. We are the leader in the business software
industry with a consistent trifecta of strong software sales, fast
cloud growth and operating income expansion. Our innovation agenda
is accelerating in Machine Learning, the Internet of Things and
Blockchain. SAP is winning big and we have enormous confidence in
our accelerated 2020 ambition!" - Bill
McDermott, CEO
"SAP is consistently delivering on its promise and achieved all
raised guidance metrics for the full year. Furthermore, operating
cash flow was strong with a 27% increase in 2016. New cloud
bookings growth of 40% for the fourth quarter was exceptional. Our
strong backlog paired with our robust pipeline position us for yet
another year of profitable growth in 2017 and allow us to
confidently raise our high level 2020 ambition." - Luka Mucic,
CFO
Business Highlights
Financial Highlights
Full Year 2016
For the full year 2016, cloud and software revenue grew by 7%
(IFRS) or 8% (non-IFRS at constant currencies), above the midpoint
of the full year outlook raised in October (6.5% to 8.5% growth
non-IFRS at constant currencies). Cloud subscriptions and support
revenue was €2.99 billion (IFRS) or €3.01 billion (non-IFRS at
constant currencies), achieving the full year outlook raised in
October (€3.00 to €3.05 billion non-IFRS at constant currencies).
New cloud bookings1, the key measure for SAP's sales
success in the cloud, increased 31% in the full year to €1.15
billion. Cloud subscriptions and support backlog2
increased 47%, reaching €5.4 billion at year-end. New cloud
bookings and cloud backlog are SAP's lead indicators for continued
strong cloud growth.
For the full year, operating profit was €5.12 billion (IFRS) or
€6.60 billion (non-IFRS at constant currencies), achieving the full
year outlook raised in October (€6.5 to €6.7 billion non-IFRS at
constant currencies). Earnings per share increased 18% to €3.03
(IFRS) and 3% to €3.89 (non-IFRS).
SAP's rapidly expanding cloud business together with solid
growth in support revenue continued to drive the share of more
predictable revenue. The total of cloud subscriptions & support
revenue and software support revenue exceeded 61% of total revenue
for the full year 2016, up 2 percentage points.
For the twelve months ended December
31, operating cash flow was €4.63 billion (2015: €3.64
billion), an increase of 27% year-over-year, and free cash flow
increased 21% year-over-year to €3.63 billion (2015: €3.00
billion).
Fourth Quarter 2016
For the fourth quarter, cloud and software revenue grew 7%
(IFRS) year-over-year or 6% (non-IFRS at constant currencies). SAP
continues to outpace its main competitor in cloud and software
revenue growth. Cloud subscriptions and support revenue grew 31%
year-over-year to €827 million (IFRS) or 29% (non-IFRS at constant
currencies). New cloud bookings were up 40% in the fourth quarter
and reached €483 million.
For the fourth quarter, operating profit was up 14%
year-over-year to €1.94 billion (IFRS) or 2% (non-IFRS at constant
currencies). Earnings per share increased 18% year-over-year to
€1.26 (IFRS) and 9% to €1.52 (non-IFRS).
SAP S/4HANA
S/4HANA adoption doubled year over year to more than 5,400
customers. In the fourth quarter approximately 1,300 additional
customers signed up of which approximately 30% are net new SAP
customers. Running a live business on a massively simplified
architecture is becoming a commercial imperative for more and more
customers in the new digital economy. Nike and Ameco Beijing
selected S/4HANA in the fourth quarter.
SAP Cloud Platform
The SAP Cloud Platform allows customers to extend
functionalities, build new fast-paced applications with rapid
development tools, and integrate across applications and deployment
models. The SAP Cloud Platform is instrumental in the Internet of
Things (IoT) revolution by connecting a rapidly growing number of
intelligent devices and machines with people and processes to
achieve superior business outcomes. Burger King Brazil selected SAP Cloud Platform to
analyze sales in real time to improve marketing strategies, manage
store performance, and improve the customer experience through the
Internet of Things, Gamification, and mobility.
Human Capital Management
SAP continues to gain traction with its cloud-based Human
Capital Management solutions. SAP delivers total workforce
management solutions globally across permanent and contingent
labor. SAP is infusing intelligent services like automated matching
of resumes to open positions and machine learning to root out bias
in the workplace while promoting diversity and inclusion. Forrester
recently named SAP SuccessFactors as a long-time
worldwide leader for Learning and Performance Management. The
customer count for SAP SuccessFactors Employee Central, which is
the core of our Human Capital Management offerings, exceeded 1,580
at the end of the fourth quarter. Companies like Mercedes-AMG and
Valentino purchased SAP's workforce management solutions in the
fourth quarter.
Customer Engagement and Commerce
SAP seamlessly combines customer engagement and commerce (CEC)
for an increasingly omni-channel world. Our hybris solution serves
both B2C and B2B across a wide range of industries, including
retail, telco, financial services, public sector, and
manufacturing. SAP is unique because it also enables businesses to
connect the front and back office in real-time and fulfill
ecommerce in one end-to-end value chain. CEC saw strong
double-digit year-over-year new cloud bookings and cloud
subscriptions and support revenue growth in the fourth
quarter. Brooks Brothers selected SAP's customer
engagement and commerce solutions in the fourth quarter.
Business Networks
SAP is helping customers of all sizes embrace an increasingly
interdependent world. Each of SAP's business network solutions
connects a large ecosystem of customers, suppliers and partners.
These network solutions are highly synergistic to SAP's other
offerings. Cloud subscriptions and support revenue in the SAP
Business Network segment was up 19% at constant currencies in the
full year 2016.
Over the past 12 months, approximately 2.5 million connected
companies trade over $885 billion of
commerce on the SAP Ariba network, growing its commerce volume
close to 20% year-over-year. More than 45 million end users process
travel and expenses effortlessly with Concur and customers managed
over 3.1 million flexible workers in approximately 135 countries
with SAP Fieldglass.
Regional Revenue Performance in the Fourth Quarter
2016
The Company had a strong performance in the EMEA region, with an
increase in cloud and software revenue of 9% (IFRS) and 10%
(non-IFRS at constant currencies). Cloud subscriptions and support
revenue grew 35% (IFRS) and 37% (non-IFRS at constant currencies).
In EMEA, SAP had double-digit software licenses revenue growth in
Germany and the UK.
In the Americas region, the Company grew cloud and software
revenue by 5% (IFRS) and 2% (non-IFRS at constant currencies) and
cloud subscriptions and support revenue by 27% (IFRS) and 24%
(non-IFRS at constant currencies). In Latin America, SAP had strong double-digit
growth in software licenses revenue in Mexico.
In the APJ region cloud and software revenue was up 9% (IFRS)
and 5% (non-IFRS at constant currencies), with cloud subscriptions
and support revenue growing by 54% (IFRS) and 48% (non-IFRS at
constant currencies). In APJ, SAP had double-digit software
licenses revenue growth in China,
India and Japan.
Financial Results at a Glance
Fourth Quarter
20161)
|
|
IFRS
|
Non-IFRS2)
|
€ million, unless
otherwise stated
|
Q4 2016
|
Q4 2015
|
∆ in %
|
Q4 2016
|
Q4 2015
|
∆ in %
|
∆ in %
const.
curr.
|
New Cloud
Bookings3)
|
N/A
|
N/A
|
N/A
|
483
|
344
|
40
|
37
|
Cloud subscriptions
and support
|
827
|
631
|
31
|
827
|
632
|
31
|
29
|
Software licenses and
support
|
4,933
|
4,745
|
4
|
4,934
|
4,745
|
4
|
3
|
Cloud and
software
|
5,760
|
5,377
|
7
|
5,761
|
5,378
|
7
|
6
|
Total
revenue
|
6,724
|
6,342
|
6
|
6,724
|
6,343
|
6
|
5
|
Share of predictable
revenue (in %)
|
53
|
51
|
2pp
|
53
|
51
|
2pp
|
|
Operating
profit
|
1,936
|
1,700
|
14
|
2,371
|
2,282
|
4
|
2
|
Profit after
tax
|
1,510
|
1,278
|
18
|
1,818
|
1,670
|
9
|
|
Basic earnings per
share (€)
|
1.26
|
1.07
|
18
|
1.52
|
1.40
|
9
|
|
Number of employees
(FTE)
|
84,183
|
76,986
|
9
|
N/A
|
N/A
|
N/A
|
N/A
|
Full Year
20161)
|
|
IFRS
|
Non-IFRS2)
|
€ million, unless
otherwise stated
|
Q1–Q4
2016
|
Q1–Q4
2015
|
∆ in %
|
Q1–Q4
2016
|
Q1–Q4
2015
|
∆ in %
|
∆ in %
const.
curr.
|
New Cloud
Bookings3)
|
N/A
|
N/A
|
N/A
|
1,147
|
874
|
31
|
31
|
Cloud subscriptions
and support
|
2,993
|
2,286
|
31
|
2,995
|
2,296
|
30
|
31
|
Software licenses and
support
|
15,431
|
14,928
|
3
|
15,434
|
14,930
|
3
|
4
|
Cloud and
software
|
18,424
|
17,214
|
7
|
18,428
|
17,226
|
7
|
8
|
Total
revenue
|
22,062
|
20,793
|
6
|
22,067
|
20,805
|
6
|
7
|
Share of predictable
revenue (in %)
|
61
|
60
|
2pp
|
61
|
60
|
2pp
|
|
Operating
profit
|
5,121
|
4,252
|
20
|
6,629
|
6,348
|
4
|
4
|
Profit after
tax
|
3,618
|
3,056
|
18
|
4,650
|
4,501
|
3
|
|
Basic earnings per
share (€)
|
3.03
|
2.56
|
18
|
3.89
|
3.77
|
3
|
|
Number of employees
(FTE)
|
84,183
|
76,986
|
9
|
N/A
|
N/A
|
N/A
|
N/A
|
1) All
figures are unaudited.
|
2) For a
detailed description of SAP's non-IFRS measures see Explanation of
Non-IFRS Measures online. For a breakdown of the individual
adjustments see page 18 in this Quarterly Statement.
|
3) As this
is an order entry metric, there is no IFRS equivalent.
|
|
Due to rounding,
numbers may not add up precisely.
|
Business Outlook 2017
The Company is providing the following 2017 outlook:
- Based on the continued strong momentum in SAP's cloud business
the Company expects full year 2017 non-IFRS cloud subscriptions and
support revenue to be in a range of €3.8 billion − €4.0 billion at
constant currencies (2016: €2.99 billion), in line with the
previous 2017 ambition which was raised at the beginning of 2016.
The upper end of this range represents a growth rate of 34% at
constant currencies.
- The Company expects full year 2017 non-IFRS cloud &
software revenue to increase by 6% − 8% at constant currencies
(2016: €18.43 billion).
- The Company expects full year 2017 non-IFRS total revenue in a
range of €23.2 billion to €23.6 billion at constant currencies
(2016: €22.07 billion). This is above the previous 2017 ambition
which was raised at the beginning of 2016.
- The Company expects full-year 2017 non-IFRS operating profit to
be in a range of €6.8 billion − €7.0 billion at constant currencies
(2016: €6.63 billion). This is above the previous 2017 ambition
which was raised at the beginning of 2016.
While the Company's full-year 2017 business outlook is at
constant currencies, actual currency reported figures are expected
to be impacted by currency exchange rate fluctuations as we
progress through the year. The 2017 business outlook at constant
currencies replaces the formerly communicated 2017 ambition which
was at actual currencies.
Ambition 2020
Looking beyond 2017, SAP is also raising its 2020 ambition to
reflect the Company's consistent fast growth in the cloud, solid
software momentum and operating profit expansion as well as the
exchange rate development. Assuming an exchange rate environment
comparable to 2016 SAP strives to reach the following in 2020:
- €8.0 − €8.5 billion non-IFRS cloud subscriptions and support
revenue (previously €7.5 − €8.0 billion)
- €28 − €29 billion non-IFRS total revenue (previously €26 − €28
billion)
- €8.5 − €9.0 billion non-IFRS operating profit (previously €8 −
€9 billion)
SAP continues to expect the share of more predictable revenue
(defined as the total of cloud subscriptions & support revenue
and software support revenue) to reach 70% − 75% in 2020.
SAP will discuss the key drivers behind the long term growth
aspirations at the Company's Capital Markets Day in New York on February
9th, 2017.
Financial and
Non-Financial Key Facts
|
|
€ millions, unless
otherwise stated
|
Q1
2015
|
Q2
2015
|
Q3
2015
|
Q4
2015
|
TY
2015
|
Q1
2016
|
Q2
2016
|
Q3
2016
|
Q4
2016
|
TY
2016
|
Revenues
|
Cloud subscriptions
and support (IFRS)
|
503
|
552
|
599
|
631
|
2,286
|
677
|
720
|
769
|
827
|
2,993
|
Cloud subscriptions
and support (non-IFRS)
|
509
|
555
|
600
|
632
|
2,296
|
678
|
721
|
769
|
827
|
2,995
|
% change –
yoy
|
131
|
129
|
116
|
76
|
109
|
33
|
30
|
28
|
31
|
30
|
% change constant
currency – yoy
|
95
|
92
|
90
|
60
|
82
|
33
|
33
|
29
|
29
|
31
|
Software licenses
(IFRS)
|
696
|
979
|
1,014
|
2,146
|
4,835
|
609
|
1,040
|
1,034
|
2,177
|
4,860
|
Software licenses
(non-IFRS)
|
696
|
979
|
1,015
|
2,146
|
4,836
|
609
|
1,042
|
1,034
|
2,177
|
4,862
|
% change –
yoy
|
12
|
2
|
7
|
15
|
10
|
–13
|
6
|
2
|
1
|
1
|
% change constant
currency – yoy
|
1
|
–7
|
4
|
11
|
4
|
–10
|
10
|
2
|
0
|
1
|
Software support
(IFRS)
|
2,454
|
2,531
|
2,509
|
2,600
|
10,093
|
2,564
|
2,598
|
2,653
|
2,756
|
10,571
|
Software support
(non-IFRS)
|
2,454
|
2,531
|
2,509
|
2,600
|
10,094
|
2,564
|
2,598
|
2,653
|
2,756
|
10,572
|
% change –
yoy
|
17
|
17
|
12
|
11
|
14
|
5
|
3
|
6
|
6
|
5
|
% change constant
currency – yoy
|
7
|
7
|
6
|
6
|
7
|
5
|
6
|
6
|
5
|
6
|
Software licenses and
support (IFRS)
|
3,150
|
3,510
|
3,523
|
4,745
|
14,928
|
3,172
|
3,639
|
3,686
|
4,933
|
15,431
|
Software licenses and
support (non-IFRS)
|
3,150
|
3,510
|
3,524
|
4,745
|
14,930
|
3,173
|
3,640
|
3,687
|
4,934
|
15,434
|
% change –
yoy
|
16
|
13
|
11
|
13
|
13
|
1
|
4
|
5
|
4
|
3
|
% change constant
currency – yoy
|
5
|
3
|
6
|
9
|
6
|
2
|
7
|
5
|
3
|
4
|
Cloud and software
(IFRS)
|
3,653
|
4,062
|
4,122
|
5,377
|
17,214
|
3,850
|
4,359
|
4,455
|
5,760
|
18,424
|
Cloud and software
(non-IFRS)
|
3,659
|
4,065
|
4,124
|
5,378
|
17,226
|
3,851
|
4,361
|
4,456
|
5,761
|
18,428
|
% change –
yoy
|
24
|
21
|
19
|
18
|
20
|
5
|
7
|
8
|
7
|
7
|
% change constant
currency – yoy
|
12
|
9
|
12
|
13
|
12
|
6
|
11
|
9
|
6
|
8
|
Total revenue
(IFRS)
|
4,497
|
4,970
|
4,985
|
6,342
|
20,793
|
4,727
|
5,237
|
5,375
|
6,724
|
22,062
|
Total revenue
(non-IFRS)
|
4,502
|
4,972
|
4,987
|
6,343
|
20,805
|
4,728
|
5,239
|
5,375
|
6,724
|
22,067
|
% change –
yoy
|
22
|
20
|
17
|
16
|
18
|
5
|
5
|
8
|
6
|
6
|
% change constant
currency – yoy
|
10
|
8
|
10
|
11
|
10
|
6
|
9
|
8
|
5
|
7
|
Share of predictable
revenue (IFRS, in %)
|
66
|
62
|
62
|
51
|
60
|
69
|
63
|
64
|
53
|
61
|
Share of predictable
revenue (non-IFRS, in %)
|
66
|
62
|
62
|
51
|
60
|
69
|
63
|
64
|
53
|
61
|
|
|
|
|
|
|
|
|
|
|
|
Profits
|
|
|
|
|
|
|
|
|
|
|
Operating profit
(IFRS)
|
638
|
701
|
1,214
|
1,700
|
4,252
|
813
|
1,269
|
1,103
|
1,936
|
5,121
|
Operating profit
(non-IFRS)
|
1,056
|
1,394
|
1,616
|
2,282
|
6,348
|
1,104
|
1,516
|
1,638
|
2,371
|
6,629
|
% change
|
15
|
13
|
19
|
7
|
13
|
5
|
9
|
1
|
4
|
4
|
% change constant
currency
|
–2
|
1
|
15
|
3
|
5
|
4
|
11
|
1
|
2
|
4
|
Profit after tax
(IFRS)
|
413
|
469
|
895
|
1,278
|
3,056
|
570
|
813
|
725
|
1,510
|
3,618
|
Profit after tax
(non-IFRS)
|
697
|
960
|
1,173
|
1,670
|
4,501
|
763
|
979
|
1,089
|
1,818
|
4,650
|
% change
|
5
|
2
|
16
|
6
|
8
|
9
|
2
|
–7
|
9
|
3
|
|
|
|
|
|
|
|
|
|
|
|
Margins
|
|
|
|
|
|
|
|
|
|
|
Cloud subscriptions
and support gross margin (IFRS, in %)
|
55.3
|
56.5
|
57.9
|
51.8
|
55.3
|
57.5
|
57.0
|
56.7
|
55.2
|
56.5
|
Cloud subscriptions
and support gross margin (non-IFRS, in %)
|
65.1
|
65.7
|
68.8
|
63.0
|
65.6
|
66.3
|
65.2
|
64.9
|
63.1
|
64.8
|
Software and support
gross margin (IFRS, in %)
|
82.8
|
84.0
|
85.0
|
86.1
|
84.7
|
84.2
|
86.1
|
85.4
|
87.1
|
85.9
|
Software and support
gross margin (non-IFRS, in %)
|
85.1
|
86.1
|
86.7
|
87.7
|
86.6
|
85.9
|
87.4
|
87.4
|
88.5
|
87.4
|
Cloud and software
gross margin (IFRS, in %)
|
79.0
|
80.3
|
81.1
|
82.1
|
80.8
|
79.5
|
81.3
|
80.5
|
82.5
|
81.1
|
Cloud and software
gross margin (non-IFRS, in %)
|
82.3
|
83.3
|
84.1
|
84.8
|
83.8
|
82.4
|
83.7
|
83.5
|
84.8
|
83.7
|
Gross margin (IFRS,
in %)
|
66.8
|
69.0
|
70.7
|
72.4
|
70.0
|
67.0
|
70.4
|
69.4
|
73.0
|
70.2
|
Gross margin
(non-IFRS, in %)
|
70.6
|
72.4
|
73.6
|
75.6
|
73.3
|
69.7
|
72.7
|
72.7
|
75.6
|
72.9
|
Operating margin
(IFRS, in %)
|
14.2
|
14.1
|
24.3
|
26.8
|
20.5
|
17.2
|
24.2
|
20.5
|
28.8
|
23.2
|
Operating margin
(non-IFRS, in %)
|
23.5
|
28.0
|
32.4
|
36.0
|
30.5
|
23.4
|
28.9
|
30.5
|
35.3
|
30.0
|
AT&S
Segment1) – Cloud subscriptions and support gross margin
(in %)
|
50
|
51
|
56
|
51
|
52
|
54
|
52
|
51
|
49
|
52
|
AT&S
Segment1) – Gross margin (in %)
|
71
|
73
|
74
|
77
|
74
|
70
|
73
|
74
|
77
|
74
|
AT&S
Segment1) – Segment margin (in %)
|
34
|
39
|
43
|
46
|
41
|
34
|
40
|
40
|
45
|
40
|
SAP BN
Segment2) – Cloud subscriptions and support gross margin
(in %)
|
75
|
75
|
77
|
72
|
75
|
75
|
76
|
77
|
75
|
76
|
SAP BN
Segment2) – Gross margin (in %)
|
68
|
68
|
71
|
65
|
68
|
67
|
68
|
68
|
66
|
67
|
SAP BN
Segment2) – Segment margin (in %)
|
18
|
16
|
24
|
20
|
19
|
16
|
18
|
20
|
16
|
18
|
|
|
|
|
|
|
|
|
|
|
|
Key Profit
Ratios
|
|
|
|
|
|
|
|
|
|
|
Effective tax rate
(IFRS, in %)
|
13.6
|
26.4
|
27.1
|
22.4
|
23.4
|
23.3
|
28.9
|
28.4
|
22.5
|
25.4
|
Effective tax rate
(non-IFRS, in %)
|
22.3
|
27.8
|
28.0
|
25.1
|
26.1
|
26.2
|
29.6
|
29.7
|
23.7
|
26.9
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share,
basic (IFRS, in €)
|
0.35
|
0.39
|
0.75
|
1.07
|
2.56
|
0.48
|
0.68
|
0.61
|
1.26
|
3.03
|
Earnings per share,
basic (non-IFRS, in €)
|
0.58
|
0.80
|
0.98
|
1.40
|
3.77
|
0.64
|
0.82
|
0.91
|
1.52
|
3.89
|
|
|
|
|
|
|
|
|
|
|
|
Order
Entry
|
|
|
|
|
|
|
|
|
|
|
New Cloud
Bookings
|
117
|
199
|
213
|
344
|
874
|
145
|
255
|
265
|
483
|
1,147
|
Deferred cloud
subscriptions and support revenue (IFRS, quarter end)
|
793
|
789
|
782
|
957
|
957
|
953
|
1,003
|
1,081
|
1,271
|
1,271
|
Orders – Number of
on-premise software deals (in transactions)
|
12,037
|
13,504
|
14,027
|
17,871
|
57,439
|
12,884
|
14,468
|
13,048
|
16,891
|
57,291
|
Share of orders
greater than € 5 million based on total software order entry volume
(in %)
|
23
|
24
|
24
|
31
|
27
|
17
|
29
|
26
|
34
|
29
|
Share of orders
smaller than € 1 million based on total software order entry volume
(in %)
|
49
|
41
|
44
|
34
|
40
|
48
|
38
|
40
|
35
|
38
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity and Cash
Flow
|
|
|
|
|
|
|
|
|
|
|
Net cash flows from
operating activities
|
2,366
|
410
|
466
|
397
|
3,638
|
2,482
|
439
|
707
|
1,000
|
4,628
|
Purchase of
intangible assets and property, plant, and equipment (without
acquisitions)
|
–139
|
–137
|
–148
|
–212
|
–636
|
–168
|
–237
|
–261
|
–335
|
–1,001
|
Free cash
flow
|
2,227
|
273
|
317
|
184
|
3,001
|
2,313
|
202
|
446
|
665
|
3,627
|
% of total revenue
(IFRS)
|
50
|
5
|
6
|
3
|
14
|
49
|
4
|
8
|
10
|
16
|
% of profit after tax
(IFRS)
|
539
|
58
|
35
|
14
|
98
|
406
|
25
|
61
|
44
|
100
|
Group liquidity,
gross
|
5,333
|
4,180
|
4,608
|
3,559
|
3,559
|
5,853
|
4,347
|
4,388
|
4,673
|
4,673
|
Group debt
|
–10,524
|
–10,432
|
–10,428
|
–9,174
|
–9,174
|
–9,080
|
–8,593
|
–8,134
|
–7,825
|
–7,825
|
Group liquidity,
net
|
–5,191
|
–6,251
|
–5,820
|
–5,615
|
–5,615
|
–3,227
|
–4,245
|
–3,746
|
–3,152
|
–3,152
|
Days' sales
outstanding (DSO, in days)3)
|
67
|
68
|
69
|
71
|
71
|
72
|
73
|
74
|
74
|
74
|
|
|
|
|
|
|
|
|
|
|
|
Financial
Position
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
4,635
|
3,923
|
3,844
|
3,411
|
3,411
|
5,743
|
4,206
|
4,112
|
3,702
|
3,702
|
Goodwill
|
22,896
|
22,300
|
22,222
|
22,689
|
22,689
|
21,922
|
22,354
|
22,276
|
23,311
|
23,311
|
Total
assets
|
43,753
|
41,088
|
40,649
|
41,390
|
41,390
|
42,884
|
41,788
|
41,601
|
44,354
|
44,354
|
Equity
|
22,117
|
20,801
|
21,540
|
23,295
|
23,295
|
22,920
|
22,963
|
23,764
|
26,382
|
26,382
|
Equity ratio (total
equity in % of total assets)
|
51
|
51
|
53
|
56
|
56
|
53
|
55
|
57
|
59
|
59
|
|
|
|
|
|
|
|
|
|
|
|
Non-Financials
|
|
|
|
|
|
|
|
|
|
|
Headcount (quarter
end)4)
|
74,551
|
74,497
|
75,643
|
76,986
|
76,986
|
78,230
|
79,962
|
82,426
|
84,183
|
84,183
|
Employee retention
(in %, rolling 12 months)
|
93.3
|
92.6
|
91.9
|
91.8
|
91.8
|
92.0
|
92.6
|
93.4
|
93.7
|
93.7
|
Women in management
(in %, quarter end)
|
22.3
|
22.9
|
23.2
|
23.6
|
23.6
|
23.6
|
24.1
|
24.3
|
24.5
|
24.5
|
Greenhouse gas
emissions (in kilotons)
|
145
|
125
|
110
|
75
|
455
|
120
|
95
|
85
|
80
|
380
|
1)
Applications, Technology & Services Segment
|
2) SAP
Business Network Segment
|
3) Days'
sales outstanding measures the length of time it takes to collect
receivables. SAP calculates DSO by dividing the average invoiced
accounts receivables balance of the last 12 months by the average
monthly sales of the last 12 months.
|
4) In
full-time equivalents
|
Due to rounding,
numbers may not add up precisely.
|
Consolidated
Income Statements of SAP Group (IFRS) – Quarter
|
|
€ millions, unless
otherwise stated
|
|
Q4 2016
|
Q4 2015
|
∆ in %
|
Cloud subscriptions
and support
|
|
827
|
631
|
31
|
Software
licenses
|
|
2,177
|
2,146
|
1
|
Software
support
|
|
2,756
|
2,600
|
6
|
Software licenses and
support
|
|
4,933
|
4,745
|
4
|
Cloud and
software
|
|
5,760
|
5,377
|
7
|
Services
|
|
963
|
965
|
0
|
Total
revenue
|
|
6,724
|
6,342
|
6
|
|
|
|
|
|
Cost of cloud
subscriptions and support
|
|
–371
|
–304
|
22
|
Cost of software
licenses and support
|
|
–637
|
–660
|
–3
|
Cost of cloud and
software
|
|
–1,008
|
–964
|
5
|
Cost of
services
|
|
–806
|
–787
|
2
|
Total cost of
revenue
|
|
–1,814
|
–1,751
|
4
|
Gross
profit
|
|
4,909
|
4,591
|
7
|
Research and
development
|
|
–857
|
–796
|
8
|
Sales and
marketing
|
|
–1,833
|
–1,755
|
4
|
General and
administration
|
|
–277
|
–281
|
–1
|
Restructuring
|
|
–7
|
–59
|
–88
|
Other operating
income/expense, net
|
|
1
|
1
|
>100
|
Total operating
expenses
|
|
–4,787
|
–4,642
|
3
|
Operating
profit
|
|
1,936
|
1,700
|
14
|
|
|
|
|
|
Other non-operating
income/expense, net
|
|
–54
|
–28
|
91
|
Finance
income
|
|
125
|
52
|
>100
|
Finance
costs
|
|
–59
|
–76
|
–23
|
Financial income,
net
|
|
67
|
–24
|
<-100
|
Profit before
tax
|
|
1,949
|
1,647
|
18
|
|
|
|
|
|
Income tax
expense
|
|
–438
|
–369
|
19
|
Profit after
tax
|
|
1,510
|
1,278
|
18
|
Attributable to owners
of parent
|
|
1,513
|
1,281
|
18
|
Attributable to
non-controlling interests
|
|
–2
|
–3
|
–18
|
|
|
|
|
|
Earnings per share,
basic (in €)1)
|
|
1.26
|
1.07
|
18
|
Earnings per share,
diluted (in €)1)
|
|
1.26
|
1.07
|
18
|
1) For the
three months ended December 31, 2016 and 2015, the weighted average
number of shares was 1,199 million (diluted 1,199 million) and
1,198 million (diluted: 1,199 million), respectively (treasury
stock excluded).
|
Due to rounding,
numbers may not add up precisely.
|
Consolidated
Income Statements of SAP Group (IFRS) – Full Year
|
|
€ millions, unless
otherwise stated
|
|
Q1–Q4
2016
|
Q1–Q4
2015
|
∆ in %
|
Cloud subscriptions
and support
|
|
2,993
|
2,286
|
31
|
Software
licenses
|
|
4,860
|
4,835
|
1
|
Software
support
|
|
10,571
|
10,093
|
5
|
Software licenses and
support
|
|
15,431
|
14,928
|
3
|
Cloud and
software
|
|
18,424
|
17,214
|
7
|
Services
|
|
3,638
|
3,579
|
2
|
Total
revenue
|
|
22,062
|
20,793
|
6
|
|
|
|
|
|
Cost of cloud
subscriptions and support
|
|
–1,301
|
–1,022
|
27
|
Cost of software
licenses and support
|
|
–2,181
|
–2,291
|
–5
|
Cost of cloud and
software
|
|
–3,482
|
–3,313
|
5
|
Cost of
services
|
|
–3,088
|
–2,932
|
5
|
Total cost of
revenue
|
|
–6,570
|
–6,245
|
5
|
Gross
profit
|
|
15,492
|
14,548
|
6
|
Research and
development
|
|
–3,041
|
–2,845
|
7
|
Sales and
marketing
|
|
–6,294
|
–5,782
|
9
|
General and
administration
|
|
–1,005
|
–1,048
|
–4
|
Restructuring
|
|
–28
|
–621
|
–96
|
Other operating
income/expense, net
|
|
–4
|
1
|
<-100
|
Total operating
expenses
|
|
–16,942
|
–16,541
|
2
|
Operating
profit
|
|
5,121
|
4,252
|
20
|
|
|
|
|
|
Other non-operating
income/expense, net
|
|
–234
|
–256
|
–9
|
Finance
income
|
|
230
|
241
|
–4
|
Finance
costs
|
|
–268
|
–246
|
9
|
Financial income,
net
|
|
–38
|
–5
|
>100
|
Profit before
tax
|
|
4,849
|
3,991
|
21
|
|
|
|
|
|
Income tax
expense
|
|
–1,230
|
–935
|
32
|
Profit after
tax
|
|
3,618
|
3,056
|
18
|
Attributable to owners
of parent
|
|
3,631
|
3,064
|
18
|
Attributable to
non-controlling interests
|
|
–13
|
–8
|
56
|
|
|
|
|
|
Earnings per share,
basic (in €)1)
|
|
3.03
|
2.56
|
18
|
Earnings per share,
diluted (in €)1)
|
|
3.03
|
2.56
|
18
|
1) For the
twelve months ended December 31, 2016 and 2015, the weighted
average number of shares was 1,198 million (diluted 1,199 million)
and 1,197 million (diluted: 1,198 million), respectively (treasury
stock excluded).
|
Due to rounding,
numbers may not add up precisely.
|
Consolidated
Statements of Financial Position of SAP Group (IFRS)
|
|
as at December
31
|
€ millions
|
|
2016
|
2015
|
Cash and cash
equivalents
|
|
3,702
|
3,411
|
Other financial
assets
|
|
1,124
|
351
|
Trade and other
receivables
|
|
5,975
|
5,274
|
Other non-financial
assets
|
|
587
|
468
|
Tax assets
|
|
238
|
235
|
Total current
assets
|
|
11,626
|
9,739
|
Goodwill
|
|
23,311
|
22,689
|
Intangible
assets
|
|
3,786
|
4,280
|
Property, plant, and
equipment
|
|
2,580
|
2,192
|
Other financial
assets
|
|
1,358
|
1,336
|
Trade and other
receivables
|
|
125
|
87
|
Other non-financial
assets
|
|
528
|
332
|
Tax assets
|
|
448
|
282
|
Deferred tax
assets
|
|
591
|
453
|
Total non-current
assets
|
|
32,728
|
31,651
|
Total
assets
|
|
44,354
|
41,390
|
|
€ millions
|
|
2016
|
2015
|
Trade and other
payables
|
|
1,290
|
1,088
|
Tax
liabilities
|
|
318
|
230
|
Financial
liabilities
|
|
1,813
|
841
|
Other non-financial
liabilities
|
|
3,698
|
3,407
|
Provisions
|
|
183
|
299
|
Deferred
income
|
|
2,433
|
2,001
|
Total current
liabilities
|
|
9,734
|
7,867
|
Trade and other
payables
|
|
127
|
81
|
Tax
liabilities
|
|
376
|
402
|
Financial
liabilities
|
|
6,481
|
8,681
|
Other non-financial
liabilities
|
|
470
|
331
|
Provisions
|
|
217
|
180
|
Deferred tax
liabilities
|
|
424
|
448
|
Deferred
income
|
|
143
|
106
|
Total non-current
liabilities
|
|
8,238
|
10,228
|
Total
liabilities
|
|
17,972
|
18,095
|
Issued
capital
|
|
1,229
|
1,229
|
Share
premium
|
|
599
|
558
|
Retained
earnings
|
|
22,287
|
20,044
|
Other components of
equity
|
|
3,346
|
2,561
|
Treasury
shares
|
|
–1,099
|
–1,124
|
Equity attributable to
owners of parent
|
|
26,361
|
23,267
|
|
|
|
|
Non-controlling
interests
|
|
21
|
28
|
Total
equity
|
|
26,382
|
23,295
|
Total equity and
liabilities
|
|
44,354
|
41,390
|
|
Due to rounding,
numbers may not add up precisely.
|
Consolidated
Statements of Cash Flows of SAP Group (IFRS)
|
|
€ millions
|
Q1–Q4 2016
|
Q1–Q4 2015
|
Profit after
tax
|
3,618
|
3,056
|
Adjustments to
reconcile profit after taxes to net cash flows from operating
activities:
|
|
|
Depreciation and
amortization
|
1,268
|
1,289
|
Income tax
expense
|
1,230
|
935
|
Financial income,
net
|
38
|
5
|
Decrease/increase in
sales and bad debt allowances on trade receivables
|
51
|
45
|
Other adjustments for
non-cash items
|
39
|
–2
|
Decrease/increase in
trade and other receivables
|
–725
|
–844
|
Decrease/increase in
other assets
|
–252
|
–313
|
Decrease/increase in
trade payables, provisions, and other liabilities
|
530
|
757
|
Decrease/increase in
deferred income
|
418
|
218
|
Interest
paid
|
–190
|
–172
|
Interest
received
|
79
|
82
|
Income taxes paid,
net of refunds
|
–1,477
|
–1,420
|
Net cash flows from
operating activities
|
4,628
|
3,638
|
Business combinations,
net of cash and cash equivalents acquired
|
–106
|
–39
|
Cash receipts from
derivative financial instruments related to business
combinations
|
0
|
266
|
Total cash flows for
business combinations, net of cash and cash equivalents
acquired
|
–106
|
226
|
Purchase of
intangible assets or property, plant, and equipment
|
–1,001
|
–636
|
Proceeds from sales
of intangible assets or property, plant, and equipment
|
63
|
68
|
Purchase of equity or
debt instruments of other entities
|
–1,625
|
–1,871
|
Proceeds from sales
of equity or debt instruments of other entities
|
869
|
1,880
|
Net cash flows from
investing activities
|
–1,799
|
–334
|
Dividends
paid
|
–1,378
|
–1,316
|
Proceeds from
reissuance of treasury shares
|
27
|
64
|
Proceeds from
borrowings
|
400
|
1,748
|
Cash receipts from
swap contracts
|
43
|
0
|
Total cash flows from
proceeds from borrowings
|
443
|
1,748
|
Repayments of
borrowings
|
–1,800
|
–3,852
|
Transactions with
non-controlling interests
|
3
|
0
|
Net cash flows from
financing activities
|
–2,704
|
–3,356
|
Effect of foreign
currency rates on cash and cash equivalents
|
167
|
135
|
Net decrease/increase
in cash and cash equivalents
|
291
|
83
|
Cash and cash
equivalents at the beginning of the period
|
3,411
|
3,328
|
Cash and cash
equivalents at the end of the period
|
3,702
|
3,411
|
Due to rounding,
numbers may not add up precisely.
|
Segment Reporting (IFRS)
Applications,
Technology & Services
|
|
€ millions
|
Q4 2016
|
Q4 2015
|
∆ in %
|
∆ in %
|
Actual
Currency
|
Constant
Currency
|
Actual
Currency
|
Actual
Currency
|
Constant
Currency
|
Cloud subscriptions
and support
|
384
|
385
|
271
|
42
|
42
|
Software
licenses
|
2,155
|
2,132
|
2,124
|
1
|
0
|
Software
support
|
2,726
|
2,706
|
2,574
|
6
|
5
|
Software licenses and
support
|
4,881
|
4,837
|
4,697
|
4
|
3
|
Cloud and
software
|
5,265
|
5,222
|
4,969
|
6
|
5
|
Services
|
866
|
859
|
865
|
0
|
–1
|
Total segment
revenue
|
6,130
|
6,081
|
5,833
|
5
|
4
|
Cost of cloud
subscriptions and support
|
–195
|
–192
|
–134
|
46
|
44
|
Cost of software
licenses and support
|
–559
|
–554
|
–572
|
–2
|
–3
|
Cost of cloud and
software
|
–754
|
–746
|
–706
|
7
|
6
|
Cost of
services
|
–686
|
–686
|
–659
|
4
|
4
|
Total cost of
revenue
|
–1,439
|
–1,432
|
–1,364
|
6
|
5
|
Segment gross
profit
|
4,691
|
4,649
|
4,469
|
5
|
4
|
Other segment
expenses
|
–1,933
|
–1,933
|
–1,799
|
7
|
7
|
Segment
profit
|
2,758
|
2,716
|
2,670
|
3
|
2
|
Margins
|
|
|
|
|
|
Cloud subscriptions
and support gross margin (in %)
|
49
|
50
|
51
|
–1pp
|
–1pp
|
Gross margin (in
%)
|
77
|
76
|
77
|
–0pp
|
–0pp
|
Segment margin (in
%)
|
45
|
45
|
46
|
–1pp
|
–1pp
|
SAP Business
Network
|
|
€ millions
|
Q4 2016
|
Q4 2015
|
∆ in %
|
∆ in %
|
Actual
Currency
|
Constant
Currency
|
Actual
Currency
|
Actual
Currency
|
Constant
Currency
|
Cloud subscriptions
and support
|
429
|
419
|
355
|
21
|
18
|
Software
licenses
|
0
|
0
|
0
|
0
|
0
|
Software
support
|
8
|
8
|
6
|
23
|
19
|
Software licenses and
support
|
8
|
8
|
6
|
31
|
26
|
Cloud and
software
|
437
|
426
|
361
|
21
|
18
|
Services
|
85
|
84
|
75
|
14
|
12
|
Total segment
revenue
|
522
|
510
|
436
|
20
|
17
|
Cost of cloud
subscriptions and support
|
–106
|
–105
|
–98
|
8
|
7
|
Cost of software
licenses and support
|
–1
|
–1
|
0
|
162
|
162
|
Cost of cloud and
software
|
–107
|
–105
|
–99
|
8
|
7
|
Cost of
services
|
–69
|
–69
|
–54
|
30
|
29
|
Total cost of
revenue
|
–176
|
–175
|
–152
|
16
|
15
|
Segment gross
profit
|
346
|
335
|
284
|
22
|
18
|
Other segment
expenses
|
–263
|
–263
|
–198
|
33
|
33
|
Segment
profit
|
83
|
72
|
86
|
–4
|
–16
|
Margins
|
|
|
|
|
|
Cloud subscriptions
and support gross margin (in %)
|
75
|
75
|
72
|
3pp
|
3pp
|
Gross margin (in
%)
|
66
|
66
|
65
|
1pp
|
1pp
|
Segment margin (in
%)
|
16
|
14
|
20
|
–4pp
|
–6pp
|
|
Due to rounding,
numbers may not add up precisely.
|
Applications,
Technology & Services
|
|
€ millions
|
Q1–Q4 2016
|
Q1–Q4 2015
|
∆ in %
|
∆ in %
|
Actual
Currency
|
Constant
Currency
|
Actual
Currency
|
Actual
Currency
|
Constant
Currency
|
Cloud subscriptions
and support
|
1,353
|
1,371
|
932
|
45
|
47
|
Software
licenses
|
4,784
|
4,814
|
4,770
|
0
|
1
|
Software
support
|
10,464
|
10,544
|
9,990
|
5
|
6
|
Software licenses and
support
|
15,247
|
15,358
|
14,760
|
3
|
4
|
Cloud and
software
|
16,600
|
16,729
|
15,692
|
6
|
7
|
Services
|
3,319
|
3,358
|
3,271
|
1
|
3
|
Total segment
revenue
|
19,920
|
20,087
|
18,963
|
5
|
6
|
Cost of cloud
subscriptions and support
|
–655
|
–658
|
–444
|
47
|
48
|
Cost of software
licenses and support
|
–1,942
|
–1,956
|
–1,971
|
–1
|
–1
|
Cost of cloud and
software
|
–2,598
|
–2,614
|
–2,416
|
8
|
8
|
Cost of
services
|
–2,669
|
–2,718
|
–2,539
|
5
|
7
|
Total cost of
revenue
|
–5,266
|
–5,331
|
–4,954
|
6
|
8
|
Segment gross
profit
|
14,653
|
14,755
|
14,009
|
5
|
5
|
Other segment
expenses
|
–6,630
|
–6,724
|
–6,286
|
5
|
7
|
Segment
profit
|
8,023
|
8,031
|
7,723
|
4
|
4
|
Margins
|
|
|
|
|
|
Cloud subscriptions
and support gross margin (in %)
|
52
|
52
|
52
|
–1pp
|
–0pp
|
Gross margin (in
%)
|
74
|
73
|
74
|
–0pp
|
–0pp
|
Segment margin (in
%)
|
40
|
40
|
41
|
–0pp
|
–1pp
|
SAP Business
Network
|
|
€ millions
|
Q1–Q4 2016
|
Q1–Q4 2015
|
∆ in %
|
∆ in %
|
Actual
Currency
|
Constant
Currency
|
Actual
Currency
|
Actual
Currency
|
Constant
Currency
|
Cloud subscriptions
and support
|
1,595
|
1,589
|
1,337
|
19
|
19
|
Software
licenses
|
0
|
0
|
–1
|
–61
|
–58
|
Software
support
|
28
|
28
|
31
|
–10
|
–11
|
Software licenses and
support
|
27
|
27
|
30
|
–9
|
–10
|
Cloud and
software
|
1,622
|
1,617
|
1,367
|
19
|
18
|
Services
|
303
|
304
|
249
|
22
|
22
|
Total segment
revenue
|
1,925
|
1,920
|
1,616
|
19
|
19
|
Cost of cloud
subscriptions and support
|
–384
|
–385
|
–336
|
14
|
15
|
Cost of software
licenses and support
|
–1
|
–1
|
–1
|
–4
|
0
|
Cost of cloud and
software
|
–385
|
–386
|
–337
|
14
|
15
|
Cost of
services
|
–246
|
–249
|
–183
|
34
|
36
|
Total cost of
revenue
|
–631
|
–636
|
–520
|
21
|
22
|
Segment gross
profit
|
1,295
|
1,285
|
1,095
|
18
|
17
|
Other segment
expenses
|
–957
|
–967
|
–779
|
23
|
24
|
Segment
profit
|
338
|
317
|
317
|
7
|
0
|
Margins
|
|
|
|
|
|
Cloud subscriptions
and support gross margin (in %)
|
76
|
76
|
75
|
1pp
|
1pp
|
Gross margin (in
%)
|
67
|
67
|
68
|
–1pp
|
–1pp
|
Segment margin (in
%)
|
18
|
17
|
20
|
–2pp
|
–3pp
|
|
Due to rounding,
numbers may not add up precisely.
|
Reconciliation
from Non-IFRS Numbers to IFRS Numbers
|
|
€ millions, unless
otherwise stated
|
Q4 2016
|
Q4 2015
|
∆ in %
|
IFRS
|
Adj.1)
|
Non-
IFRS1)
|
Currency
Impact2)
|
Non-IFRS
Constant
Currency2)
|
IFRS
|
Adj.1)
|
Non-
IFRS1)
|
IFRS
|
Non-
IFRS1)
|
Non-IFRS
Constant
urrency2)
|
Revenue
Numbers
|
|
|
|
|
|
|
|
|
|
|
|
Cloud subscriptions
and support
|
827
|
0
|
827
|
–11
|
816
|
631
|
1
|
632
|
31
|
31
|
29
|
Software
licenses
|
2,177
|
0
|
2,177
|
–24
|
2,154
|
2,146
|
0
|
2,146
|
1
|
1
|
0
|
Software
support
|
2,756
|
0
|
2,756
|
–20
|
2,737
|
2,600
|
0
|
2,600
|
6
|
6
|
5
|
Software licenses and
support
|
4,933
|
0
|
4,934
|
–43
|
4,890
|
4,745
|
0
|
4,745
|
4
|
4
|
3
|
Cloud and
software
|
5,760
|
0
|
5,761
|
–54
|
5,706
|
5,377
|
1
|
5,378
|
7
|
7
|
6
|
Services
|
963
|
0
|
963
|
–8
|
955
|
965
|
0
|
965
|
0
|
0
|
–1
|
Total
revenue
|
6,724
|
0
|
6,724
|
–62
|
6,662
|
6,342
|
1
|
6,343
|
6
|
6
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expense
Numbers
|
|
|
|
|
|
|
|
|
|
|
|
Cost of cloud
subscriptions and support
|
–371
|
65
|
–305
|
|
|
–304
|
70
|
–234
|
22
|
30
|
|
Cost of software
licenses and support
|
–637
|
68
|
–570
|
|
|
–660
|
76
|
–583
|
–3
|
–2
|
|
Cost of cloud and
software
|
–1,008
|
133
|
–875
|
|
|
–964
|
146
|
–818
|
5
|
7
|
|
Cost of
services
|
–806
|
39
|
–767
|
|
|
–787
|
56
|
–731
|
2
|
5
|
|
Total cost of
revenue
|
–1,814
|
172
|
–1,642
|
|
|
–1,751
|
203
|
–1,548
|
4
|
6
|
|
Gross
profit
|
4,909
|
173
|
5,082
|
|
|
4,591
|
204
|
4,794
|
7
|
6
|
|
Research and
development
|
–857
|
66
|
–791
|
|
|
–796
|
69
|
–727
|
8
|
9
|
|
Sales and
marketing
|
–1,833
|
153
|
–1,680
|
|
|
–1,755
|
195
|
–1,560
|
4
|
8
|
|
General and
administration
|
–277
|
36
|
–241
|
|
|
–281
|
55
|
–226
|
–1
|
7
|
|
Restructuring
|
–7
|
7
|
0
|
|
|
–59
|
59
|
0
|
–88
|
NA
|
|
Other operating
income/expense, net
|
1
|
0
|
1
|
|
|
1
|
0
|
1
|
>100
|
>100
|
|
Total operating
expenses
|
–4,787
|
435
|
–4,353
|
25
|
–4,328
|
–4,642
|
580
|
–4,061
|
3
|
7
|
7
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit
Numbers
|
|
|
|
|
|
|
|
|
|
|
|
Operating
profit
|
1,936
|
435
|
2,371
|
–37
|
2,334
|
1,700
|
581
|
2,282
|
14
|
4
|
2
|
Other non-operating
income/expense, net
|
–54
|
0
|
–54
|
|
|
–28
|
0
|
–28
|
91
|
91
|
|
Finance
income
|
125
|
0
|
125
|
|
|
52
|
0
|
52
|
>100
|
>100
|
|
Finance
costs
|
–59
|
0
|
–59
|
|
|
–76
|
0
|
–76
|
–23
|
–23
|
|
Financial income,
net
|
67
|
0
|
67
|
|
|
–24
|
0
|
–24
|
<-100
|
<-100
|
|
Profit before
tax
|
1,949
|
435
|
2,384
|
|
|
1,647
|
581
|
2,229
|
18
|
7
|
|
Income tax
expense
|
–438
|
–127
|
–565
|
|
|
–369
|
–190
|
–559
|
19
|
1
|
|
Profit after
tax
|
1,510
|
308
|
1,818
|
|
|
1,278
|
391
|
1,670
|
18
|
9
|
|
Attributable to owners
of parent
|
1,513
|
308
|
1,821
|
|
|
1,281
|
391
|
1,673
|
18
|
9
|
|
Attributable to
non-controlling interests
|
–2
|
0
|
–2
|
|
|
–3
|
0
|
–3
|
–18
|
–18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key Ratios
|
|
|
|
|
|
|
|
|
|
|
|
Operating margin (in
%)
|
28.8
|
|
35.3
|
|
35.0
|
26.8
|
|
36.0
|
2.0pp
|
–0.7pp
|
–0.9pp
|
Effective tax rate
(in %)3)
|
22.5
|
|
23.7
|
|
|
22.4
|
|
25.1
|
0.1pp
|
–1.4pp
|
|
Earnings per share,
basic (in €)
|
1.26
|
|
1.52
|
|
|
1.07
|
|
1.40
|
18
|
9
|
|
|
1)
Adjustments in the revenue line items are for software support
revenue, cloud subscriptions and support revenue, and other
similarly recurring revenues that entities acquired by SAP would
have recognized had they remained stand-alone entities but that SAP
is not permitted to recognize as revenue under IFRS as a result of
business combination accounting rules. Adjustments in the operating
expense line items are for acquisition-related charges, share-based
payment expenses, as well as restructuring expenses.
|
2)
Constant currency revenue and operating income figures are
calculated by translating revenue and operating income of the
current period using the average exchange rates from the previous
year's respective period instead of the current period. Constant
currency period-over-period changes are calculated by comparing the
current year's non-IFRS constant currency numbers with the non-IFRS
number of the previous year's respective period.
|
For a more detailed
description of these adjustments and their limitations as well as
our constant currency figures, see our Web site
www.sap.com/corporate-en/investors/newsandreports/reporting-framework.epx
under "Non-IFRS Measures, Adjustments and Full-Year
Estimates".
|
3) The
difference between our effective tax rate (IFRS) and effective tax
rate (non-IFRS) in Q4 2016 mainly results from tax effects of
acquisition-related charges and share-based payment expenses. The
difference between our effective tax rate (IFRS) and effective tax
rate (non-IFRS) in Q4 2015 mainly results from tax effects of
acquisition-related charges, share-based payment expenses and
restructuring.
|
|
Due to rounding,
numbers may not add up precisely.
|
€ millions, unless
otherwise stated
|
Q1–Q4 2016
|
Q1–Q4 2015
|
∆ in
%
|
IFRS
|
Adj.1)
|
Non-
IFRS1)
|
Currency
Impact2)
|
Non-IFRS
Constant
Currency2)
|
IFRS
|
Adj.1)
|
Non-
IFRS1)
|
IFRS
|
Non-
IFRS1)
|
Non-IFRS
Constant
Currency2)
|
Revenue
Numbers
|
|
|
|
|
|
|
|
|
|
|
|
Cloud subscriptions
and support
|
2,993
|
2
|
2,995
|
12
|
3,007
|
2,286
|
10
|
2,296
|
31
|
30
|
31
|
Software
licenses
|
4,860
|
2
|
4,862
|
31
|
4,893
|
4,835
|
1
|
4,836
|
1
|
1
|
1
|
Software
support
|
10,571
|
1
|
10,572
|
82
|
10,654
|
10,093
|
0
|
10,094
|
5
|
5
|
6
|
Software licenses and
support
|
15,431
|
3
|
15,434
|
113
|
15,546
|
14,928
|
2
|
14,930
|
3
|
3
|
4
|
Cloud and
software
|
18,424
|
5
|
18,428
|
125
|
18,553
|
17,214
|
11
|
17,226
|
7
|
7
|
8
|
Services
|
3,638
|
0
|
3,638
|
39
|
3,678
|
3,579
|
0
|
3,579
|
2
|
2
|
3
|
Total
revenue
|
22,062
|
5
|
22,067
|
164
|
22,231
|
20,793
|
11
|
20,805
|
6
|
6
|
7
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expense
Numbers
|
|
|
|
|
|
|
|
|
|
|
|
Cost of cloud
subscriptions and support
|
–1,301
|
247
|
–1,054
|
|
|
–1,022
|
232
|
–789
|
27
|
34
|
|
Cost of software
licenses and support
|
–2,181
|
238
|
–1,943
|
|
|
–2,291
|
283
|
–2,008
|
–5
|
–3
|
|
Cost of cloud and
software
|
–3,482
|
485
|
–2,997
|
|
|
–3,313
|
516
|
–2,797
|
5
|
7
|
|
Cost of
services
|
–3,088
|
113
|
–2,975
|
|
|
–2,932
|
167
|
–2,765
|
5
|
8
|
|
Total cost of
revenue
|
–6,570
|
598
|
–5,972
|
|
|
–6,245
|
683
|
–5,562
|
5
|
7
|
|
Gross
profit
|
15,492
|
603
|
16,095
|
|
|
14,548
|
694
|
15,242
|
6
|
6
|
|
Research and
development
|
–3,041
|
201
|
–2,840
|
|
|
–2,845
|
202
|
–2,643
|
7
|
7
|
|
Sales and
marketing
|
–6,294
|
558
|
–5,736
|
|
|
–5,782
|
462
|
–5,320
|
9
|
8
|
|
General and
administration
|
–1,005
|
119
|
–885
|
|
|
–1,048
|
116
|
–932
|
–4
|
–5
|
|
Restructuring
|
–28
|
28
|
0
|
|
|
–621
|
621
|
0
|
–96
|
NA
|
|
Other operating
income/expense, net
|
–4
|
0
|
–4
|
|
|
1
|
0
|
1
|
<-100
|
<-100
|
|
Total operating
expenses
|
–16,942
|
1,504
|
–15,438
|
–191
|
–15,629
|
–16,541
|
2,084
|
–14,457
|
2
|
7
|
8
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit
Numbers
|
|
|
|
|
|
|
|
|
|
|
|
Operating
profit
|
5,121
|
1,508
|
6,629
|
–27
|
6,601
|
4,252
|
2,095
|
6,348
|
20
|
4
|
4
|
Other non-operating
income/expense, net
|
–234
|
0
|
–234
|
|
|
–256
|
0
|
–256
|
–9
|
–9
|
|
Finance
income
|
230
|
0
|
230
|
|
|
241
|
0
|
241
|
–4
|
–4
|
|
Finance
costs
|
–268
|
0
|
–268
|
|
|
–246
|
0
|
–246
|
9
|
9
|
|
Financial income,
net
|
–38
|
0
|
–38
|
|
|
–5
|
0
|
–5
|
>100
|
>100
|
|
Profit before
tax
|
4,849
|
1,508
|
6,357
|
|
|
3,991
|
2,095
|
6,087
|
21
|
4
|
|
Income tax
expense
|
–1,230
|
–477
|
–1,707
|
|
|
–935
|
–651
|
–1,586
|
32
|
8
|
|
Profit after
tax
|
3,618
|
1,032
|
4,650
|
|
|
3,056
|
1,445
|
4,501
|
18
|
3
|
|
Attributable to owners
of parent
|
3,631
|
1,032
|
4,663
|
|
|
3,064
|
1,445
|
4,509
|
18
|
3
|
|
Attributable to
non-controlling interests
|
–13
|
0
|
–13
|
|
|
–8
|
0
|
–8
|
56
|
56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key Ratios
|
|
|
|
|
|
|
|
|
|
|
|
Operating margin (in
%)
|
23.2
|
|
30.0
|
|
29.7
|
20.5
|
|
30.5
|
2.8pp
|
–0.5pp
|
–0.8pp
|
Effective tax rate
(in %)3)
|
25.4
|
|
26.9
|
|
|
23.4
|
|
26.1
|
1.9pp
|
0.8pp
|
|
Earnings per share,
basic (in €)
|
3.03
|
|
3.89
|
|
|
2.56
|
|
3.77
|
18
|
3
|
|
|
1)
Adjustments in the revenue line items are for software support
revenue, cloud subscriptions and support revenue, and other
similarly recurring revenues that entities acquired by SAP would
have recognized had they remained stand-alone entities but that SAP
is not permitted to recognize as revenue under IFRS as a result of
business combination accounting rules. Adjustments in the operating
expense line items are for acquisition-related charges, share-based
payment expenses, as well as restructuring expenses.
|
2)
Constant currency revenue and operating income figures are
calculated by translating revenue and operating income of the
current period using the average exchange rates from the previous
year's respective period instead of the current period. Constant
currency period-over-period changes are calculated by comparing the
current year's non-IFRS constant currency numbers with the non-IFRS
number of the previous year's respective period.
|
For a more detailed
description of these adjustments and their limitations as well as
our constant currency figures, see our Web site
www.sap.com/corporate-en/investors/newsandreports/reporting-framework.epx
under "Non-IFRS Measures, Adjustments and Full-Year
Estimates".
|
3) The
difference between our effective tax rate (IFRS) and effective tax
rate (non-IFRS) in 2016 mainly results from tax effects of
acquisition-related charges and share-based payment expenses. The
difference between our effective tax rate (IFRS) and effective tax
rate (non-IFRS) in 2015 mainly results from tax effects of
acquisition-related charges, share-based payment expenses and
restructuring.
|
|
Due to rounding,
numbers may not add up precisely.
|
Non-IFRS
Adjustments – Actuals and Estimates
|
|
€ millions
|
Estimated Amounts
for
Full Year
2017
|
Q4 2016
|
Q1–Q4 2016
|
Q4 2015
|
Q1–Q4 2015
|
Operating profit
(IFRS)
|
|
1,936
|
5,121
|
1,700
|
4,252
|
Revenue
adjustments
|
<20
|
0
|
5
|
1
|
11
|
Adjustment for
acquisition-related charges
|
620 to 650
|
177
|
680
|
184
|
738
|
Adjustment for
share-based payment expenses
|
770 to
1,020
|
251
|
795
|
338
|
724
|
Adjustment for
restructuring
|
30 to 50
|
7
|
28
|
59
|
621
|
Operating expense
adjustments
|
|
435
|
1,504
|
580
|
2,084
|
Operating profit
adjustments
|
|
435
|
1,508
|
581
|
2,095
|
Operating profit
(non-IFRS)
|
|
2,371
|
6,629
|
2,282
|
6,348
|
Non-IFRS
Adjustments by Functional Areas
|
|
€ millions
|
Q4 2016
|
Q4 2015
|
IFRS
|
Acquisition-
Related
|
SBP1)
|
Restructuring
|
Non-IFRS
|
IFRS
|
Acquisition-
Related
|
SBP1)
|
Restructuring
|
Non-IFRS
|
Cost of cloud and
software
|
–1,008
|
102
|
31
|
0
|
–875
|
–964
|
116
|
30
|
0
|
–818
|
Cost of
services
|
–806
|
3
|
36
|
0
|
–767
|
–787
|
6
|
50
|
0
|
–731
|
Research and
development
|
–857
|
3
|
63
|
0
|
–791
|
–796
|
2
|
67
|
0
|
–727
|
Sales and
marketing
|
–1,833
|
67
|
86
|
0
|
–1,680
|
–1,755
|
58
|
137
|
0
|
–1,560
|
General and
administration
|
–277
|
1
|
34
|
0
|
–241
|
–281
|
2
|
54
|
0
|
–226
|
Restructuring
|
–7
|
0
|
0
|
7
|
0
|
–59
|
0
|
0
|
59
|
0
|
Other operating
income/expense, net
|
1
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
1
|
Total operating
expenses
|
–4,787
|
177
|
251
|
7
|
–4,353
|
–4,642
|
184
|
338
|
59
|
–4,061
|
1) Share-based Payments
|
€ millions
|
Q1–Q4 2016
|
Q1–Q4 2015
|
IFRS
|
Acquisition-
Related
|
SBP1)
|
Restructuring
|
Non-IFRS
|
IFRS
|
Acquisition-
Related
|
SBP1)
|
Restructuring
|
Non-IFRS
|
Cost of cloud and
software
|
–3,482
|
395
|
89
|
0
|
–2,997
|
–3,313
|
441
|
74
|
0
|
–2,797
|
Cost of
services
|
–3,088
|
12
|
101
|
0
|
–2,975
|
–2,932
|
54
|
113
|
0
|
–2,765
|
Research and
development
|
–3,041
|
10
|
191
|
0
|
–2,840
|
–2,845
|
36
|
166
|
0
|
–2,643
|
Sales and
marketing
|
–6,294
|
257
|
301
|
0
|
–5,736
|
–5,782
|
202
|
260
|
0
|
–5,320
|
General and
administration
|
–1,005
|
6
|
113
|
0
|
–885
|
–1,048
|
4
|
112
|
0
|
–932
|
Restructuring
|
–28
|
0
|
0
|
28
|
0
|
–621
|
0
|
0
|
621
|
0
|
Other operating
income/expense, net
|
–4
|
0
|
0
|
0
|
–4
|
1
|
0
|
0
|
0
|
1
|
Total operating
expenses
|
–16,942
|
680
|
795
|
28
|
–15,438
|
–16,541
|
738
|
724
|
621
|
–14,457
|
1)
Share-based payments
|
If not presented in a separate line item in our income
statement, the restructuring expenses would break down as
follows:
€ millions
|
Q4 2016
|
Q1–Q4
2016
|
Q4 2015
|
Q1–Q4 2015
|
Cost of cloud and
software
|
1
|
3
|
16
|
80
|
Cost of
services
|
2
|
7
|
39
|
218
|
Research and
development
|
3
|
7
|
–22
|
156
|
Sales and
marketing
|
1
|
10
|
26
|
147
|
General and
administration
|
0
|
1
|
0
|
20
|
Restructuring
expenses
|
7
|
28
|
59
|
621
|
Revenue by Region
(IFRS and Non-IFRS)
|
|
€ millions
|
Q4 2016
|
Q4 2015
|
∆ in
%
|
|
IFRS
|
Adj.1)
|
Non-IFRS1)
|
Currency
Impact2)
|
Non-IFRS
Constant
Currency2)
|
IFRS
|
Adj.1)
|
Non-IFRS1)
|
IFRS
|
Non-IFRS1)
|
Non-IFRS
Constant
Currency2)
|
Cloud subscriptions
and support revenue by region
|
|
|
|
|
|
|
EMEA
|
192
|
0
|
192
|
3
|
195
|
142
|
0
|
142
|
35
|
35
|
37
|
Americas
|
550
|
0
|
550
|
–11
|
539
|
434
|
0
|
435
|
27
|
26
|
24
|
APJ
|
85
|
0
|
85
|
–3
|
82
|
55
|
0
|
55
|
54
|
54
|
48
|
Cloud subscriptions
and support revenue
|
827
|
0
|
827
|
–11
|
816
|
631
|
1
|
632
|
31
|
31
|
29
|
|
|
|
|
|
|
|
|
|
|
|
|
Cloud and software
revenue by region
|
|
|
|
|
|
|
EMEA
|
2,694
|
0
|
2,694
|
24
|
2,717
|
2,477
|
1
|
2,478
|
9
|
9
|
10
|
Americas
|
2,154
|
0
|
2,154
|
–48
|
2,106
|
2,059
|
0
|
2,060
|
5
|
5
|
2
|
APJ
|
913
|
0
|
913
|
–30
|
883
|
841
|
0
|
841
|
9
|
9
|
5
|
Cloud and software
revenue
|
5,760
|
0
|
5,761
|
–54
|
5,706
|
5,377
|
1
|
5,378
|
7
|
7
|
6
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue by
region
|
|
|
|
|
|
|
Germany
|
999
|
0
|
999
|
0
|
999
|
896
|
0
|
896
|
11
|
11
|
11
|
Rest of
EMEA
|
2,124
|
0
|
2,124
|
27
|
2,151
|
2,008
|
1
|
2,008
|
6
|
6
|
7
|
Total EMEA
|
3,123
|
0
|
3,123
|
27
|
3,150
|
2,904
|
1
|
2,904
|
8
|
8
|
8
|
United
States
|
2,051
|
0
|
2,051
|
–40
|
2,012
|
1,971
|
0
|
1,971
|
4
|
4
|
2
|
Rest of
Americas
|
504
|
0
|
504
|
–15
|
488
|
494
|
0
|
494
|
2
|
2
|
–1
|
Total
Americas
|
2,555
|
0
|
2,555
|
–55
|
2,500
|
2,465
|
0
|
2,466
|
4
|
4
|
1
|
Japan
|
242
|
0
|
242
|
–26
|
216
|
190
|
0
|
190
|
28
|
28
|
14
|
Rest of APJ
|
804
|
0
|
804
|
–8
|
796
|
783
|
0
|
783
|
3
|
3
|
2
|
Total APJ
|
1,046
|
0
|
1,046
|
–35
|
1,011
|
973
|
0
|
973
|
8
|
8
|
4
|
Total
revenue
|
6,724
|
0
|
6,724
|
–62
|
6,662
|
6,342
|
1
|
6,343
|
6
|
6
|
5
|
|
1)
Adjustments in the revenue line items are for support revenue,
cloud subscriptions and support revenue, and other similarly
recurring revenues that entities acquired by SAP would have
recognized had they remained stand-alone entities but that SAP is
not permitted to recognize as revenue under IFRS as a result of
business combination accounting rules.
|
2)
Constant currency revenue figures are calculated by translating
revenue of the current period using the average exchange rates from
the previous year's respective period instead of the current
period. Constant currency period-over-period changes are calculated
by comparing the current year's non-IFRS constant currency numbers
with the non-IFRS number of the previous year's respective
period.
|
|
For a more detailed
description of these adjustments and their limitations as well as
our constant currency figures, see our Web site
www.sap.com/corporate-en/investors/newsandreports/reporting-framework.epx
under "Non-IFRS Measures and Estimates".
|
|
Due to rounding,
numbers may not add up precisely.
|
€ millions
|
Q1–Q4 2016
|
Q1–Q4 2015
|
∆ in
%
|
|
IFRS
|
Adj.1)
|
Non-IFRS1)
|
Currency
Impact2)
|
Non-IFRS
Constant
Currency2)
|
IFRS
|
Adj.1)
|
Non-IFRS1)
|
IFRS
|
Non-IFRS1)
|
Non-IFRS
Constant
Currency2)
|
Cloud subscriptions
and support revenue by region
|
|
|
|
|
|
|
EMEA
|
703
|
0
|
704
|
14
|
717
|
507
|
1
|
508
|
39
|
38
|
41
|
Americas
|
2,000
|
1
|
2,001
|
1
|
2,002
|
1,579
|
8
|
1,587
|
27
|
26
|
26
|
APJ
|
290
|
0
|
290
|
–2
|
288
|
200
|
0
|
201
|
45
|
44
|
43
|
Cloud subscriptions
and support revenue
|
2,993
|
2
|
2,995
|
12
|
3,007
|
2,286
|
10
|
2,296
|
31
|
30
|
31
|
|
|
|
|
|
|
|
|
|
|
|
|
Cloud and software
revenue by region
|
|
|
|
|
|
|
EMEA
|
8,193
|
1
|
8,193
|
167
|
8,360
|
7,622
|
2
|
7,623
|
7
|
7
|
10
|
Americas
|
7,366
|
4
|
7,370
|
–7
|
7,364
|
6,929
|
9
|
6,938
|
6
|
6
|
6
|
APJ
|
2,865
|
0
|
2,865
|
–36
|
2,829
|
2,663
|
0
|
2,664
|
8
|
8
|
6
|
Cloud and software
revenue
|
18,424
|
5
|
18,428
|
125
|
18,553
|
17,214
|
11
|
17,226
|
7
|
7
|
8
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue by
region
|
|
|
|
|
|
|
Germany
|
3,034
|
0
|
3,034
|
0
|
3,033
|
2,771
|
0
|
2,771
|
9
|
9
|
9
|
Rest of
EMEA
|
6,721
|
1
|
6,722
|
194
|
6,915
|
6,409
|
2
|
6,411
|
5
|
5
|
8
|
Total EMEA
|
9,755
|
1
|
9,755
|
193
|
9,949
|
9,181
|
2
|
9,183
|
6
|
6
|
8
|
United
States
|
7,167
|
4
|
7,172
|
–27
|
7,145
|
6,750
|
9
|
6,759
|
6
|
6
|
6
|
Rest of
Americas
|
1,763
|
0
|
1,763
|
35
|
1,799
|
1,678
|
0
|
1,678
|
5
|
5
|
7
|
Total
Americas
|
8,931
|
4
|
8,935
|
9
|
8,944
|
8,428
|
9
|
8,437
|
6
|
6
|
6
|
Japan
|
825
|
0
|
825
|
–88
|
737
|
667
|
0
|
668
|
24
|
24
|
10
|
Rest of APJ
|
2,552
|
0
|
2,552
|
50
|
2,601
|
2,517
|
0
|
2,517
|
1
|
1
|
3
|
Total APJ
|
3,377
|
0
|
3,377
|
–38
|
3,339
|
3,185
|
0
|
3,185
|
6
|
6
|
5
|
Total
revenue
|
22,062
|
5
|
22,067
|
164
|
22,231
|
20,793
|
11
|
20,805
|
6
|
6
|
7
|
|
1)
Adjustments in the revenue line items are for support revenue,
cloud subscriptions and support revenue, and other similarly
recurring revenues that entities acquired by SAP would have
recognized had they remained stand-alone entities but that SAP is
not permitted to recognize as revenue under IFRS as a result of
business combination accounting rules.
|
2)
Constant currency revenue figures are calculated by translating
revenue of the current period using the average exchange rates from
the previous year's respective period instead of the current
period. Constant currency period-over-period changes are calculated
by comparing the current year's non-IFRS constant currency numbers
with the non-IFRS number of the previous year's respective
period.
|
|
For a more detailed
description of these adjustments and their limitations as well as
our constant currency figures, see our Web site
www.sap.com/corporate-en/investors/newsandreports/reporting-framework.epx
under "Non-IFRS Measures and Estimates".
|
|
Due to rounding,
numbers may not add up precisely.
|
Employees by
Region and Functional Areas
|
|
|
31.12.2016
|
31.12.2015
|
Full-time
equivalents
|
EMEA
|
Americas
|
APJ
|
Total
|
EMEA
|
Americas
|
APJ
|
Total
|
Cloud and
software
|
6,406
|
4,184
|
5,412
|
16,002
|
6,095
|
3,920
|
4,976
|
14,991
|
Services
|
6,535
|
4,119
|
3,967
|
14,621
|
6,482
|
3,812
|
3,574
|
13,868
|
Research and
development
|
10,525
|
4,860
|
7,977
|
23,363
|
9,676
|
4,233
|
7,029
|
20,938
|
Sales and
marketing
|
8,542
|
8,999
|
4,435
|
21,977
|
7,683
|
7,766
|
3,974
|
19,422
|
General and
administration
|
2,629
|
1,746
|
1,018
|
5,393
|
2,434
|
1,653
|
937
|
5,024
|
Infrastructure
|
1,584
|
788
|
454
|
2,827
|
1,535
|
783
|
425
|
2,743
|
SAP Group (December
31)
|
36,222
|
24,696
|
23,265
|
84,183
|
33,906
|
22,166
|
20,914
|
76,986
|
Thereof acquisitions
1)
|
37
|
172
|
0
|
209
|
73
|
0
|
0
|
73
|
SAP Group (average
twelve months)
|
34,932
|
23,532
|
22,145
|
80,609
|
33,561
|
21,832
|
19,788
|
75,180
|
1) Acquisitions closed between
January 1 and December 31 of the respective
year.
|
Additional Information
General Remarks About this Quarterly Statement
Until 2015, SAP's quarterly earnings reporting consisted of an
earnings press release with condensed financial information and an
interim report. This quarterly statement replaces both of these
documents and includes all relevant information of both of these
documents. Starting in 2016, we issue a quarterly statement for
each of the four fiscal quarters. Additionally, we issue a half
year report and a full year integrated report as before.
For a more detailed description of all of SAP's non-IFRS
measures and their limitations as well as our constant currency and
free cash flow figures see Explanation of Non-IFRS Measures
online.
2016 Integrated Report and Annual Report
SAP's 2016 Integrated Report and Annual Report to Shareholders
and 2016 Annual Report on Form 20-F are scheduled to be published
on February 28, 2017, and will be
available for download at www.sap.com/investor.
Webcast
SAP senior management will host a press conference in Walldorf
today at 10:00 AM (CET) /9:00 AM (GMT) / 4:00
AM (Eastern) / 1:00 AM
(Pacific), followed by a financial analyst conference call at
2:00 PM (CET) / 1:00 PM (GMT) / 8:00
AM (Eastern) / 5:00 AM
(Pacific). Both conferences will be webcast live on the Company's
website at www.sap.com/investor and will be available for
replay. Supplementary financial information pertaining to the
full-year and quarterly results can be found at
www.sap.com/investor.
About SAP
As market leader in enterprise application software, SAP (NYSE:
SAP) helps companies of all sizes and industries run better. From
back office to boardroom, warehouse to storefront, desktop to
mobile device – SAP empowers people and organizations to work
together more efficiently and use business insight more effectively
to stay ahead of the competition. SAP applications and services
enable more than 345,000 business and public sector customers to
operate profitably, adapt continuously, and grow sustainably. For
more information, visit www.sap.com.
For more information,
financial community only:
|
|
|
Stefan
Gruber
|
+49 (6227)
7-44872
|
investor@sap.com, CET
|
Follow SAP Investor
Relations on Twitter at @sapinvestor.
|
|
|
|
|
|
For more information,
press only:
|
|
|
Nicola
Leske
|
+49 (6227)
7-50852
|
nicola.leske@sap.com,
CET
|
Daniel
Reinhardt
|
+49 (6227)
7-40201
|
daniel.reinhardt@sap.com, CET
|
Rajiv
Sekhri
|
+49 (6227)
7-74871
|
rajiv.sekhri@sap.com, CET
|
|
|
|
For customers
interested in learning more about SAP products:
|
|
|
Global Customer
Center:
|
+49 180
534-34-24
|
|
United States
Only:
|
+1 (800) 872-1SAP
(+1-800-872-1727)
|
|
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SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these
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1 New
cloud bookings consist of order entry of a given period that is
expected to be classified as cloud subscriptions and support
revenue and results from purchases by new customers and from
incremental purchases by existing customers. Consequently, orders
to renew existing contracts are not included. The order amount must
be committed. Consequently, due to their pay-per-use nature,
business network transaction fees which do not include a committed
minimum consumption are not reflected in the bookings metric (e.g.
SAP Ariba and SAP Fieldglass transaction-based fees). Amounts
included in the measures are generally annualized.
|
2 Cloud
subscription and support backlog represents expected future cloud
subscriptions & support revenue that is contracted but not yet
invoiced and thus not recorded in deferred revenue.
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sap-hits-increased-2016-guidance---raises-2020-targets-300395351.html
SOURCE SAP SE