SAP AG (SAP) Reports Prelim. Q3 EPS of EUR 0.98

SAP AG (NYSE: SAP) reported Q3 EPS of EUR0.98, versus EUR0.84 reported last year. Revenue for the quarter came in at EUR4.99 billion, versus EUR4.26 billion reported last year.

"SAP is uniquely positioned to help our customers become digital businesses. Our flagship S/4HANA is rapidly gaining market share. HANA is redefining the database industry as the standard real-time platform. Our cloud solutions for workforce engagement are best in class and our omni-channel customer experience solutions are growing faster than best of breed competitors. Our HANA Cloud Platform for the Internet of Things and Business Networks for inter-enterprise collaboration are redefining the business software industry. We are firmly reiterating our full year guidance", said SAP CEO Bill McDermott.

SAP CFO Luka Mucic said: "Our strong double-digit growth in cloud and software revenue was mainly driven by excellent results in mature markets. SAP's global resilience helped us also sail through stormy waters in emerging markets where we expect to continue to see volatility and economic challenges. Our surge in operating profit reflects our business transformation's continued success and the improving profitability of our cloud offerings."

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