SAP SE Provides Earnings Guidance for the Full Year of 2021
January 14, 2021 at 05:35 pm EST
SAP SE provided earnings guidance for the full year of 2021. For the period, the company expected EUR 9.1 billion to EUR 9.5 billion non-IFRS cloud revenue at constant currencies, up 13% to 18% at constant currencies. Expected EUR 23.3 billion to EUR 23.8 billion non-IFRS cloud and software revenue at constant currencies, flat to up 2% at constant currencies. Expected EUR 7.8 billion to EUR 8.2 billion non-IFRS operating profit at constant currencies, down 1% to 6% at constant currencies. The share of more predictable revenue is expected to reach approximately 75%.