- SAP SE press release ( NYSE: SAP ): Q2 GAAP EPS of €0.28.
- Revenue of €7.52B (+12.7% Y/Y) beats by €180M .
- Operating profit down 32%, adj. operating profit down 13% and down 16% at constant currencies, primarily due to the impact of the war in Ukraine.
- Current cloud backlog exceeded €10B for the first time and was up 34% to €10.40B and up 25% at constant currencies.
- SAP reaffirms 2022 revenue and free cash flow outlook , updates operating profit outlook range; for the FY22, SAP continues to expect for 2022:€11.55 – 11.85 billion cloud revenue at constant currencies (2021: €9.42 billion), up 23% to 26% at constant currencies.
- €25.0 – 25.5 billion cloud and software revenue at constant currencies (2021: €24.08 billion), up 4% to 6% at constant currencies.
- Free cash flow above €4.5 billion (2021: €5.01 billion).
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SAP now expects: €7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2021: €8.23 billion), down 4% to 8% at constant currencies. The previous range was €7.8 – 8.25 billion at constant currencies.
- SAP is also updating its full-year 2022 effective tax rate outlook (IFRS) to 34.0% to 38.0% (previously: 28.0% to 32.0%). SAP continues to anticipate a full-year 2022 effective tax rate (non-IFRS) of 23.0% to 27.0% but expects to be at the upper end of this range.
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SAP SE GAAP EPS of €0.28, revenue of €7.52B beats by €180M; reaffirms FY22 revenue guidance