国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

SAP lifts annual earnings forecast as cloud-computing sales rise

Source: Xinhua| 2018-07-19 23:17:45|Editor: yan
Video PlayerClose

BERLIN, July 19 (Xinhua) -- SAP raised its revenue forecast for the second time in 2018 on Thursday as its cloud-computing division continued to grow rapidly during the second quarter (Q2) of the year.

The Walldorf-based software corporation recorded gross earnings of 1.21 billion euros (1.4 billion U.S. dollars) from cloud subscriptions and related support services in Q2, up by 30 percent compared with the same period last year. The share of total SAP revenue accounted for by the cloud-computing division and other software support services rose by two percentage points to 66 percent.

In Q1, proceeds from rented online software had already grown by 31 percent to break the mark of one billion euros for the first time in corporate history. The continuation of this upward trend in Q2 enabled the Dax-listed company to compensate for negative currency effects and achieve a greater than anticipated increase in gross revenue of 4 percent to 6 billion euros.

The company hereby also benefited from a one-off effect of switching its accounting method to the IFRS15 standard at the start of the year. Overall, operating profits increased by 4 percent to 1.64 billion euros and were thus roughly in line with analysts' prior expectations. Net profits in Q2 were measured at 720 million euros (plus eight percent) while the operating margin increased slightly to 27.3 percent.

SAP has invested heavily in new forms of business software which can be rented online through the cloud as opposed to its traditional licensed proprietary software products. The German company has recently been able to outperform U.S. rivals such as Oracle and Salesforce in the buoyant cloud market and believes that it can succeed in sustaining the current growth trajectory within the coming years.

Founded in 1972, SAP had a gross annual revenue of 23.4 billion euros in 2017. (1 euro=1.16 U.S. dollar)

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521373361711
主站蜘蛛池模板: 徐汇区| 开封市| 峨山| 微山县| 罗源县| 胶州市| 盐城市| 抚顺市| 鸡泽县| 冷水江市| 七台河市| 公主岭市| 温宿县| 靖江市| 宁强县| 莒南县| 金堂县| 广德县| 玉林市| 吴忠市| 松原市| 宁都县| 陆河县| 盐亭县| 曲麻莱县| 瓦房店市| 铜山县| 邳州市| 阿拉善盟| 勐海县| 瑞丽市| 墨脱县| 云阳县| 广丰县| 湖口县| 兴隆县| 色达县| 资溪县| 雷州市| 杭锦后旗| 陆良县|