SAP has reported strong financial results in the second quarter of 2018 and has raised the firm's financial outlook for the year. SAP announced its financial results for the second quarter and half-year results ending 30 June 2018 on Thursday (statement). In Q2 2018, total revenue was reported as €5.99 billion ($6.95bn), or €6.014bn non-IFRS, up four percent year-over-year or 10 percent non-IFRS at constant currencies. SAP reported earnings per share of €0.60 IFRS, an increase of eight percent year-over-year, or €0.98 non-IFRS. SAP beat Wall Street earning expectations of €5.86 billion.
SAP has revealed as part of the firm's 2018 financial results that it will take a charge of 950 million euros ($1 billion) with restructuring on the horizon due to early retirement and staff shifts to shore up slowing business units. SAP's Q4 2018 earnings (statement) reveal revenues of €7.43bn IFRS or €7.34 billion non-IFRS, up nine percent year-over-year with basic earnings per share of €1.41, a drop of eight percent IFRS or 15 percent non-IFRS. In comparison, in Q3 2018, SAP reported revenues of €6.02 billion IFRS or €6.031 billion non-IFRS. Operating profit increased by 22 percent year-over-year to €2.4 billion IFRS. New cloud bookings were up 25 percent -- 23 percent at constant currencies -- to €736 million, while cloud subscriptions and support revenue grew 41 percent year-over-year to €1.41 billion IFRS.
SAP has reported its second-quarter earnings results, highlighting stable cloud revenues and a substantial increase in operating cash flow despite the COVID-19 pandemic. SAP's Q2 2020 earnings (statement) (.PDF), ending June 30, 2020, reveal revenues of €6.74 billion IFRS, up two percent year-over-year (or one percent non-IFRS and at constant currencies) with basic earnings per share of €0.73 (€1.17 non-IFRS), an improvement on Q1 2020's €6.521 billion IFRS revenue. SAP reported an operating profit of €1.28 billion IFRS, up 55% year-over-year and eight percent to €1.96 billion non-IFRS and up seven percent non-IFRS at constant currencies. Profit after tax in Q2 has been reported as €885 million. Operating cash flow for the first six months of the year was €3.77 billion, up 41% year-over-year as SAP begins to bounce back from heavy restructuring costs.