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 strong financial results in the third quarter of 2018 and has once again raised the firm's financial outlook for the year. SAP announced its financial results for the third quarter on Thursday (statement). In Q3 2018, total revenue was reported as €6.02 billion IFRS, or €6.031 billion non-IFRS, up eight percent year-over-year or 10 percent non-IFRS at constant currencies. SAP reported earnings per share of €0.82 IFRS, a decrease of one percent, and increased by 13 percent to €1.14 non-IFRS, beating analyst expectations as polled by Reuters. New cloud bookings increased by 36 percent over the quarter -- 37 percent at constant currencies -- whilst cloud subscriptions and support revenue surged by 39 percent year-over-year, earning SAP €1.30 billion IFRS, or up 41 percent non-IFRS at constant currencies.
Atlassian published its first quarter fiscal 2019 financial results on Thursday, beating market expectations. Nevertheless, shares were down in after-hours trading. The collaboration and productivity software firm reported a non-IFRS net income of $49.2 million or 20 cents per diluted share. A year prior, net income came to $32.5 million or 13 cents per diluted share. Total revenue in Q1 was $267.3 million, up 37 percent year-over-year.