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4-Traders Homepage  >  Equities  >  Xetra  >  SAP SE    SAP   DE0007164600

SAP SE (SAP)

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SAP SE : Post Earnings Coverage as SAP's Quarterly Sales Jumped 12%; Non-IFRS EPS Climbed 15%

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04/28/2017 | 02:18pm CEST

Upcoming AWS Coverage on ANSYS Post-Earnings Results

LONDON, UK / ACCESSWIRE / April 28, 2017 / Active Wall St. announces its post-earnings coverage on SAP SE (NYSE: SAP). The Company released its first quarter fiscal 2017 results on April 25, 2017. The business software maker surpassed revenue forecasts for the fourth consecutive quarter and reaffirmed its fiscal 2017 revenue and profit forecasts. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of SAP SE's competitors within the Application Software space, ANSYS, Inc. (NASDAQ: ANSS), announced on April 17, 2017, that it expects to release its Q1 2017 earnings on Wednesday, May 03, 2017, after market close. The Company will hold a conference call conducted by Ajei Gopal, President and CEO, and Maria T. Shields, CFO, at 8:30 a.m. ET on May 04, 2017, to discuss Q1 2017 results and future outlook. AWS will be initiating a research report on ANSYS in the coming days.

Today, AWS is promoting its earnings coverage on SAP; touching on ANSS. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the three months ended March 31, 2017, SAP's total IFRS revenues were ?5.29 billion, up 12%, compared to revenue of ?4.73 billion in Q1 2016. The Company's revenue numbers were ahead of analysts' consensus of ?5.18 billion.

For Q1 2017, SAP's new cloud bookings surged 49%, or 44% at constant currencies, and reached ?215 million. The Company's IFRS cloud subscriptions and support revenue grew 34% on a y-o-y basis to ?905 million. SAP's IFRS software revenue totaled ?691 million up 13% on a y-o-y basis. The Company's new cloud and software license order entry grew by more than 30% on a y-o-y basis in the reported quarter. SAP's IFRS cloud and software revenue totaled ?4.33 billion in Q1 2017, up 12%, or 9% in non-IFRS at constant currencies, compared to Q1 2016 IFRS cloud and software revenue of ?3.85 billion.

For Q1 2017, SAP's IFRS operating profit declined 17% to ?673 million compared to IFRS operating profit of 813 million in Q1 2016. The Company's non-IFRS operating profit grew 8% to ?1.20 billion compared to non-IFRS operating profit of ?1.10 billion for the year ago same period. For Q1 2017, SAP's IFRS earnings per share decreased 9% to ?0.43. Non-IFRS earnings per share increased 15% to ?0.73. The Company's earnings numbers came in marginally below Wall Street's estimates of ?0.74 per share.

SAP noted that the IFRS operating profit and EPS were primarily impacted by an increase in share-based compensation expenses, which was attributed to the strong development of SAP's share price and an increase in employee participation. The Company stated that approximately 65% of SAP employees have participated in SAP's most recent stock program OWN SAP.

Cash Flow & Balance Sheet

For Q1 2017, SAP's operating cash flow was ?2.87 billion, an increase of 16% on a y-o-y basis. The Company's free cash flow increased 12% y-o-y to ?2.58 billion. As a result, the Company continues to deleverage its balance sheet ending Q1 2017 with net debt of ?460 million, an improvement of ?2.8 billion year-over-year.

Regional Revenue Performance

During Q1 2017, SAP's cloud and software revenue increased 10% in the EMEA region. Cloud subscriptions and support revenue grew 43% with an especially strong quarter in Germany, France, and Italy. The Company registered triple-digit software revenue growth in South Africa and the Netherlands.

For Q1 2017, SAP's cloud and software revenue grew by 12% in the Americas region (IFRS). Cloud subscriptions and support revenue was up 27%, driven by a strong performance in Canada and Mexico with high double-digit growth. In North America, SAP had double-digit growth in software revenue.

In the APJ region, SAP reported exceptional performance in both cloud subscription and software revenue as Cloud and software revenue grew 21%, with cloud subscriptions and support revenue surging 65% on a y-o-y basis. Japan and India were the highlights in the quarter with strong results in both cloud subscriptions and software revenue. SAP also had strong double-digit software revenue growth in Greater China and South Korea.

Outlook

Based on the continued strong momentum in SAP's cloud business the Company expects full year 2017 non-IFRS cloud subscriptions and support revenue to be in a range of ?3.8 billion to ?4.0 billion at constant currencies. The upper-end of this range represents a growth rate of 34% at constant currencies. The Company expects FY17 non-IFRS cloud and software revenue to increase by 6% to 8% at constant currencies. SAP is forecasting non-IFRS total revenue in a range of ?23.2 billion to ?23.6 billion at constant currencies for FY17. The Company expects full-year 2017 non-IFRS operating profit to be in a range of ?6.8 billion to ?7.0 billion at constant currencies.

Stock Performance

On Thursday, April 27, 2017, the stock closed the trading session at $100.70, rising slightly by 0.45% from its previous closing price of $100.25. A total volume of 677.96 thousand shares have exchanged hands. SAP SE's stock price advanced 10.88% in the last three months, 14.03% in the past six months, and 26.40% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 16.51%. The stock is trading at a PE ratio of 30.93 and has a dividend yield of 1.32%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

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SOURCE: Active Wall Street


© Accesswire 2017
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Financials (€)
Sales 2017 23 810 M
EBIT 2017 6 661 M
Net income 2017 4 147 M
Debt 2017 1 598 M
Yield 2017 1,45%
P/E ratio 2017 26,27
P/E ratio 2018 23,14
EV / Sales 2017 4,83x
EV / Sales 2018 4,42x
Capitalization 113 452 M
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Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 95,1 €
Spread / Average Target 3,0%
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Managers
NameTitle
William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein Chief Operating Officer
Luka Mucic Chief Financial Officer
Thomas Saueressig Chief Information Officer
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