SAP 1Q Net Profit EUR521 Million, Revenue EUR5.3 Billion
April 25 2017 - 1:33AM
Dow Jones News
By Christopher Alessi
FRANKFURT-German business software provider SAP SE on Tuesday
reported a 9% drop in net profit for the first quarter, weighed
down in part by an increase in share-based compensation
expenses.
Net profit for the period ended March 31 was EUR521 million,
compared with EUR572 million ($566.2 million) during the same
period a year prior.
Revenue climbed by 12% to EUR5.3 billion, boosted by strong
sales of the company's Internet cloud-based offerings.
SAP reiterated its guidance for the full year, saying it expects
total revenue in a range of EUR23.2 billion to EUR23.6 billion, and
operating profit in range of EUR6.8 billion to EUR7 billion, both
at constant currencies. The outlook is based on calculations not
recognized under international financial reporting standards.
Write to Christopher Alessi at christopher.alessi@wsj.com
(END) Dow Jones Newswires
April 25, 2017 01:18 ET (05:18 GMT)
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