SAP Announces First Quarter 2018 Results
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.
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