SAP SE (SAP) Q4 Earnings Decline Y/Y, 2019 View Upbeat
Zacks Investment Research | Jan 28, 2019 09:23PM ET
SAP SE (DE:SAPG) (NYSE:SAP) reported fourth-quarter 2018 non-IFRS earnings of €1.51 ($1.72) per share, which declined 15% from the year-ago figure. The Zacks Consensus Estimate was pegged at $1.78 per share.
Moreover, on IFRS basis, earnings of €1.41 ($1.61) per share declined 8% on a year-over-year basis.
Total revenues, on non-IFRS basis, came in at €7.434 billion ($8.484 billion), up 9% year over year (up 13% at constant currency). The Zacks Consensus Estimate was pegged at $8.281 billion.
On IFRS basis, revenues were €7.428 billion (almost $8.477 billion), up 9% year over year.
New cloud bookings — a key indicator of sales success in cloud business — surged 25% (23% at cc) to €736 million.
Shares of SAP are down 3.5% in the pre-market, primarily owing to year over year decline in earnings, and announcement of restructuring program. Notably, the stock has slumped 4.8% in the past year against the Original post
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