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SAP beats sales and profit estimates, hints at forthcoming ‘game-changing innovation’

  • SAP SE reported 10% revenue growth on a 27% jump in cloud sales in its fiscal fourth quarter, beating analyst estimates.
  • Total revenue of €9.38 billion ($9.79 billion) in constant currencies beat Wall Street forecasts, while operating profit jumped 24%, to €2.44 billion ($2.55 billion).
  • Cloud revenue totaled €4.67 billion ($4.87 billion) in the quarter and €17.21 billion ($17.96 billion) for the year, up 26%.
  • SAP hinted at a forthcoming 'game-changing innovation' to be announced on Feb. 13.

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