The company reported strong Q2 15 results. Revenues increased 19.7% to €4.97bn. Non-IFRS revenues grew 20% and based on constant currency by 8%. Cloud subscription revenues grew 129% to €552m and excluding acquisitions cloud revenues grew 50% (non-IFRS +63.5%). Fieldglass contributed €25m to IFRS revenues and Concur Technologies €165m. Licence revenues went up 2.3% to €979m and maintenance revenues +11.1% to €2.53bn. Service revenues jumped 34.7% to €908m. T
21 Jul 2015
Revenue growth continued but performance dived
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Revenue growth continued but performance dived
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
21 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported strong Q2 15 results. Revenues increased 19.7% to €4.97bn. Non-IFRS revenues grew 20% and based on constant currency by 8%. Cloud subscription revenues grew 129% to €552m and excluding acquisitions cloud revenues grew 50% (non-IFRS +63.5%). Fieldglass contributed €25m to IFRS revenues and Concur Technologies €165m. Licence revenues went up 2.3% to €979m and maintenance revenues +11.1% to €2.53bn. Service revenues jumped 34.7% to €908m. T