April 24 — WALLDORF, Germany — SAP SE today announced its financial results for the first quarter 2018 ended March 31, 2018.
Cloud and software revenue growth were above FY guidance, while double-digit operating profit growth drove an operating margin increase. Cloud revenue accelerated, up 18% (IFRS) and up 31% (non-IFRS at constant currencies), exceeding €1 billion for the first time in a quarter. New cloud bookings were up 25% at constant currencies on top of an exceptional prior year quarter. Digital core momentum continued with over 8,300 S/4HANA customers, up 43% year-over-year. The full year outlook was increased to reflect the Callidus acquisition and strong operational momentum.
Stay on top of the latest industry news. Have news to share? We want to help you spread the word. Submit your media releases to email@example.com.