SAP SE (SAPG.DE)
2 Dec 2016
Latest Key Developments (Source: Significant Developments)
SAP SE and Jasper:Says they are collaborating to help enterprises simplify process of deploying and managing Internet of Things (IoT) services on global scale.Says they will team to offer integration of their solutions designed to help simplify and dramatically shorten the time to launch, manage and monetize IoT services.Jasper Control Center platform, which automates the lifecycle of IoT services, is planned to integrate with the SAP HANA platform, creating business value for customers and partners by analyzing service subscription and usage data.Enterprises are also expected to benefit from the SAP Fiori user experience (UX), which offers simple, personalized and responsive UX for SAP software. Full Article
SAP SE gives FY 2015 guidance in line with analysts estimates, comments on FY 2017 and FY 2020 outlook
SAP SE:Expects full year 2015 non-IFRS cloud & software revenue to increase by 8 pct - 10 pct at constant currencies (2014: 14.33 billion euros).Expects full-year 2015 non-IFRS operating profit to be in a range of 5.6 billion euros - 5.9 billion euros at constant currencies (2014: 5.64 billion euros).Looking beyond 2015, SAP is updating its 2017 ambition.Continues to expect fast growth in its cloud business with non-IFRS cloud subscriptions and support revenue reaching a range of 3.5 billion euros - 3.6 billion euros in FY 2017.Non-IFRS total revenue is expected to reach 21 billion euros- 22 billion euros in FY 2017.Expects non-IFRS operating profit in a range of 6.3 billion euros - 7.0 billion euros in FY 2017.SAP is also introducing high level 2020 ambitions with FY 2020 non-IFRS cloud subscriptions and support revenue expected to reach 7.5 billion euros - 8.0 billion euros.Total revenue in FY 2020 is expected to be in a range of 26 billion euros - 28 billion euros and non-IFRS operating profit in a range of 8 billion euros - 9 billion euros.FY 2015 operating profit estimate 5.7 billion euros - Thomson Reuters I/B/E/S.FY 2017 revenue estimate 21.4 billion euros - Thomson Reuters I/B/E/S. Full Article
FRANKFURT SAP, Europe's most valuable technology company, is confident it will hit its 2016 profit target based on its order portfolio in the all-important fourth quarter and sees no obstacle to raising its dividend, Luka Mucic, the company's chief financial officer, said on Wednesday.