Operating profit fell 21% on account of the restructuring exercise and cost of $8 billion incurred owing to the takeover of Qualtrics in 2018, which specializes in measuring customer sentiment.Ĭloud computing is the core of SAP’s operations these days and a critical part of its booming revenue. SAP lifted its guidance and now expects the adjusted operating profit to increase anywhere between 8% and 13% in 2020, while remaining optimistic about its ambition of achieving 35 billion euros ($38.8 billion) in revenue in 2023. Buoyed by the solid results, the company raised its revenue and profit outlook under new co-CEOs Jennifer Morgan and Christian Klein, who took over from long-time CEO Bill McDermott in October. BEST STOCKS TO BUY FOR BEGINNERS 2019 SOFTWARECloud revenue jumped 39% to EUR 6,934 million, and total revenue jumped 12% to EUR 27,553 million.Ĭloud and software as well as total revenue climbed 12% to EUR 23,014 million. The ERP leader declared a solid set of results for the fourth quarter ended December 31, 2019. SAP SE is not only Germany’s but Europe’s most valuable technology company.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |