SAP SE (SAP) Misses Q1 EPS by 25c; offers outlook

SAP SE (NYSE: SAP) reported Q1 EPS of EUR0.81, EUR0.25 worse than the analyst estimate of EUR1.06. Revenue for the quarter came in at EUR8.04 billion versus the consensus estimate of EUR8.63 billion.

GUIDANCE:

SAP SE sees FY2024 revenue of EUR29-29.5 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 8% to 10% at constant currencies.

€17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.

€7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion based on updated non-IFRS operating profit definition), up 17% to 21% at constant currencies.

For earnings history and earnings-related data on SAP SE (SAP) click here.

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