SAP SE (NYSE: SAP) reported Q3 EPS of EUR1.45, EUR0.02 worse than the analyst estimate of EUR1.47. Revenue for the quarter came in at EUR7.74 billion versus the consensus estimate of EUR8.4 billion.

Outlook 2023

For 2023, SAP continues to expect:

€14.0 – 14.2 billion cloud revenue at constant currencies (2022: €11.43 billion), up 23% to 24% at constant currencies.
€27.0 – 27.4 billion cloud and software revenue at constant currencies (2022: €25.39 billion), up 6% to 8% at constant currencies.
€8.65 – 8.95 billion non-IFRS operating profit at constant currencies (2022: €7.99 billion), up 8% to 12% at constant currencies.
A share of more predictable revenue of approximately 82% (2022: 79%).
Free cash flow of approximately €4.9 billion (2022: €4.4 billion).
An effective tax rate (IFRS) of 28.0% to 32.0% (2022: 32.0%) and an effective tax rate (non-IFRS) of 26.0% to 28.0% (2022: 29.6%).

For earnings history and earnings-related data on SAP SE (SAP) click here.