SAP SE (NYSE: SAP) reported Q2 EPS of EUR1.50, EUR0.17 worse than the analyst estimate of EUR1.67. Revenue for the quarter came in at EUR9.03 billion versus the consensus estimate of EUR10.49 billion.

Outlook 2025

Financial Outlook 2025

While the prevailing dynamic environment implies elevated levels of uncertainty and reduced visibility, SAP currently continues to expect:

• €21.6 – 21.9 billion cloud revenue at constant currencies (2024: €17.14 billion), up 26% to 28% at constant currencies.

• €33.1 – 33.6 billion cloud and software revenue at constant currencies (2024: €29.83 billion), up 11% to 13% at constant currencies.

• €10.3 – 10.6 billion non-IFRS operating profit at constant currencies (2024: €8.15 billion), up 26% to 30% at constant currencies.

• Approximately €8.0 billion free cash flow at actual currencies (2024: €4.22 billion)

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