These are on an IFRS basis. CFO Luka Mucic referred to the results as “better than expected” and noted there was a sequential improvement in software license revenue. Despite the COVID-19 crisis, SAP slowed but did not stop hiring. The software company ended the quarter with 101,379 employees, a 3-percent increase from 98,322 at the end of last year’s second quarter. “We continue to hire into our future growth opportunities,” CEO Christian Klein said during the week’s earnings webcast. Klein said given the virus crisis the quarter was “a fantastic one”. For the quarter, after-tax income rose to roughly $1.62 billion on revenue of approximately $8 billion. Cloud revenue reached roughly $2.37 billion. SAP said it had a solid performance in the Americas, and that included license revenue in the United States. In the Americas, cloud and software revenue was up 5 percent, 3 percent at constant currencies, with cloud revenue increasing by 17 percent, 13 percent at constant currencies. It cited Canada and Mexico as having especially strong performance.
Estimated reading time: 0 minutes, 58 seconds
SAP CLOUD REVS UP 21 PERCENT Featured
SAP reported a 6-percent rise in after-tax profit on a 2-percent increase in revenue for the second quarter ended June 30. That was driven by a 21-percent increase in cloud revenue.
Most Read
-
-
May 22 2017
-
Written by mark
-
-
-
May 22 2017
-
Written by BobWScott
-
-
-
May 19 2021
-
Written by BobWScott
-
-
-
May 25 2016
-
Written by mark
-