In particular, the APJ region had a strong recovery in software licenses revenue. In line with our strategy we continue to invest in our growth drivers such as Industry Cloud.”“SAP’s broad solution portfolio, unmatched industry and geographic diversification coupled with our strong base of more predictable revenue have allowed us to weather the COVID-19 crisis well in this quarter. Build your understanding ...Users at the Dremio-sponsored Subsurface virtual conference detail data lake efforts and trends, including the emerging Apache ...Hasura made its GraphQL platform available as a managed service, enabling organizations to connect and query different data ...Ensuring quality data management and analytics comes from following best practices, proper commitment from your organization and ...No problem!
In combination with the strong topline performance these prompt actions drove higher operating profit and margin despite the challenging macro environment.SAP remains committed to its long-term strategy and prospects and is continuing to invest in innovation to emerge from the COVID-19 crisis in an even stronger competitive position.In the second quarter, cloud revenue grew 21% year over year to €2.04 billion (IFRS), up 19% to €2.04 billion (non-IFRS) and up 18% (non-IFRS at constant currencies). You build such a wonderful reliable network in SAP world which will provide you so much flexibility over the years to work on any challenges! The outlook continues to be based on the assumption of a gradually improving demand environment in the third and fourth quarter as economies reopen further and population lockdowns ease.Non-IFRS cloud revenue is still expected to be in a range of €8.3 billion to €8.7 billion at constant currencies (2019: €7.01 billion), up 18% to 24% at constant currencies.Non-IFRS cloud and software revenue is still expected to be in a range of €23.4 to €24.0 billion at constant currencies (2019: €23.09 billion), up 1% to 4% at constant currencies.Non-IFRS total revenue is still expected to be in a range of €27.8 to €28.5 billion at constant currencies (2019: €27.63 billion), up 1% to 3% at constant currencies.Non-IFRS operating profit is still expected to be in a range of €8.1 to €8.7 billion at constant currencies (2019: €8.21 billion), down 1% to up 6% at constant currencies.The share of more predictable revenue (defined as the total of cloud revenue and software support revenue) is still expected to reach approximately 72%.While SAP’s full-year 2020 business outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year.SAP confirms its 2023 ambition which was previously published in its Q1 2020 Quarterly Statement.The Company remains in its quiet period until reporting its complete second quarter 2020 results on July 27This press release and all information therein is preliminary and unaudited.The 2019 comparative numbers for first half only include Qualtrics revenues and profits from acquisition date of January 23rd.SAP’s second quarter 2020 quarterly statement will be published on July 27, 2020 and will be available for download at www.sap.com/investor.SAP senior management will host a financial analyst conference call on Monday, July 27 at 2:00 PM (CET) / 1:00 PM (GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific). Current cloud backlog remained strong with continued high demand for digital supply chain, e-commerce, cloud platform and Qualtrics solutions.SAP continues to operate effectively with a largely virtual sales and remote implementation strategy. Learn ...With companies continuing work from home for the foreseeable future, Rohit Dhamankar offers home security advice to help security...Some authentication factors are considered more secure than others but still come with potential drawbacks. SAP is set to cut its workforce by 3%, with around 2,200 people set to lose their jobs. Submit your e-mail address below.
"Based upon the progress that we see so far with both cloud for customer and customer engagement commerce, I would tend to think that would be more on the conservative side, but that is the number that we have plugged in.”Hana and cloud computing are two pillars of SAP’s re-invention as it moves away from traditional ERP. Especially on “The Layoff”, a website where employees can discuss recent firings in their company, users are getting increasingly irritated with SAP.