Benzinga | Apr 13, 2021 05:04PM EDT

SAP Sees Q1 IFRS Cloud Revenue Up 7%; IFRS Software Licenses Revenue Up 7%; IFRS Cloud Profit Down 21%; Co Raises FY Outlook

* IFRS Cloud Revenue Up 7%; Non-IFRS Cloud Revenue Up 13% At Constant Currencies

* IFRS Software Licenses Revenue Up 7%; Non-IFRS Software Licenses Revenue Up 11% At Constant Currencies, Fastest Growth in Five Years

* IFRS Cloud & Software Revenue Up 1%; Non-IFRS Cloud & Software Revenue Up 6% At Constant Currencies

* IFRS Operating Profit Down 21%; Non-IFRS Operating Profit Sharply Up 24% At Constant Currencies

* IFRS Operating Margin Down 3.4pp; Non-IFRS Operating Margin Up 4.9pp At Constant Currencies

* IFRS EPS Up 29%; Non-IFRS EPS Up 63% Raises Full-Year Outlook