- SAP SE press release ( NYSE: SAP ): Q3 GAAP EPS of €0.57 misses by €0.68 .
- Revenue of €7.84B (+14.6% Y/Y) beats by €240M .
- Cloud revenue up 38% and up 25% at constant currencies
- Current cloud backlog up 38% and up 26% at constant currencies
- IFRS cloud gross profit up 44%, non-IFRS cloud gross profit up 42% and up 30% at constant currencies.
- IFRS operating profit down 1%, non-IFRS operating profit flat and down 8% at constant currencies.
- For 2022, SAP continues to expect : €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; €7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2021: €8.23 billion), down 4% to 8% at constant currencies.
- For 2022, SAP now expects : Free cash flow of approximately €4.5 billion (2021: €5.01 billion). The previous outlook was above €4.5 billion.
- Based on current estimates, we now expect a full-year 2022 effective tax rate for IFRS of around 45.0% (previously: 34.0% to 38.0%) and for non-IFRS of around 30.0% (previously: 23.0% to 27.0%).
For further details see:
SAP SE reports Q3 mixed earnings; reaffirms FY22 guidance