SAP Confirms Higher 3Q Operating Profit, Revenue; Backs Outlook
October 21 2021 - 1:40AM
Dow Jones News
By Mauro Orru
SAP SE said Thursday that operating profit and revenue rose in
the third quarter as its cloud business continued to grow,
confirming preliminary figures it announced earlier this month.
Reporting on a non-IFRS basis, the German software company said
operating profit rose to 2.10 billion euros ($2.45 billion) from
EUR2.07 billion last year, with its operating margin down to 30.7%
from 31.7%.
Net profit rose to EUR2.05 billion from EUR2.00 billion.
Total revenue climbed to EUR6.85 billion from EUR6.54 billion,
with cloud revenue up to EUR2.39 billion from EUR1.98 billion.
SAP backed its 2021 targets, which it raised for the third time
this year earlier this month.
The company expects non-IFRS operating profit at constant
currencies between EUR8.1 billion and EUR8.3 billion, and non-IFRS
cloud revenue at constant currencies between EUR9.4 billion and
EUR9.6 billion.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
October 21, 2021 01:25 ET (05:25 GMT)
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