SAP SE (SAP) reported Q3 EPS of EUR1.12, EUR0.13 worse than the analyst estimate of EUR1.25. Revenue for the quarter came in at EUR7.84 billion versus the consensus estimate of EUR7.58 billion.
GUIDANCE:
For 2022, SAP continues to expect: €11.55 – 11.85 billion cloud revenue at constant currencies (2021: €9.42 billion), up 23% to 26% at constant currencies; €25.0 – 25.5 billion cloud and software revenue at constant currencies (2021: €24.08 billion), up 4% to 6% at constant currencies; €7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2021: €8.23 billion), down 4% to 8% at constant currencies.
For 2022, SAP now expects: Free cash flow of approximately €4.5 billion (2021: €5.01 billion). The previous outlook was above €4.5 billion.