AS more and more organizations shift to digitization, network security solutions provider SAP reported a double-digit growth in total revenue to pound 6.63 billion (International Financial Reporting Standards, or IFRS) in the second quarter of 2019, or 11 percent (non-IFRS) and 8 percent (non-IFRS at constant currencies
) higher than the same period a year ago, on the back of its strong cloud, software and other business portfolios.
In the first quarter, new cloud bookings were up 32% (26% at constant currencies
The segment's operating income increased 8% (12% in constant currencies
), due to sales-driven improvements in franchised margin dollars and higher gains on sales of restaurant businesses in the U.K.
For the full year, non-IFRS cloud and software revenue grew by 20% or 12% at constant currencies
and exceeded the outlook of 8% 10% growth at constant currencies
Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies
(5% at actual currencies to EUR5.3bn).
In the first three months of 2011, Sartorius increased its sales revenue from the year-ago quarter by 14.4% from 150.4 million euros to 172.1 million euros (in constant currencies
Due to the strong cloud and overall business momentum SAP is raising its outlook for the full year 2018: Non-IFRS cloud subscriptions and support revenue is now expected to be in a range of EUR 5.15B- EUR 5.25B at constant currencies
, up 36.5%-39.0% at constant currencies
With non-IFRS cloud subscriptions and support revenue increasing 41% (42% at constant currencies
) SAP is the fastest growing enterprise cloud company at scale.
Underlying EPS for H1 was up by 5.2% in constant currencies
* Non-IFRS cloud revenue to be in a range of [euro]6.7-[euro]7.0 billion at constant currencies
(2018: [euro]5.03 billion), up 33% -39% at constant currencies
Non-IFRS cloud subscriptions and support revenue is now expected to be in a range of EUR 5.05B- EUR 5.2B at constant currencies
, up 34%-38% at constant currencies
With non-IFRS cloud subscriptions and support revenue increasing 39% at constant currencies
(32% at actual currencies) SAP is the fastest growing enterprise cloud company at scale.