SAP reported preliminary results. In 2015, cloud subscriptions and support revenues increased 110% to €2.29bn and 82% based on constant currency. Software licence revenues increased 10% to €4.84bn (4% at cc) and maintenance revenues 14% to €10.09bn. The operating profit however declined 2% to €4.25bn and the EBIT margin reached 20.4%. We estimated an EBIT margin of 28.1% based on IFRS numbers. Non-IFRS operating margin also declined from 32.1% to 30.5%. In the fourth quart
12 Jan 2016
Growth will come down to normal levels
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Growth will come down to normal levels
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
12 Jan 2016 -
Author:
Heinz Steffen -
Pages:
2
SAP reported preliminary results. In 2015, cloud subscriptions and support revenues increased 110% to €2.29bn and 82% based on constant currency. Software licence revenues increased 10% to €4.84bn (4% at cc) and maintenance revenues 14% to €10.09bn. The operating profit however declined 2% to €4.25bn and the EBIT margin reached 20.4%. We estimated an EBIT margin of 28.1% based on IFRS numbers. Non-IFRS operating margin also declined from 32.1% to 30.5%. In the fourth quart