Berenberg Upgrades SAP AG (SAP) to Buy
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SAP AG (SAP) Preliminary Q1 Results Fall Below the Street
April 11, 2016 7:49 AM EDTAfter the close Friday, SAP AG (NYSE: SAP) announced preliminary first quarter results that were lighter than consensus estimates. SAPs non-IFRS total revenue of EUR4.73 billion was below the consensus at EUR4.82 billion.
Following a record finish in 2015, solid growth in seasonally smallest quarterNon-IFRS cloud and software revenue increased 5% to 3.85 billion (6% at constant currencies)SAP S/4HANA momentum continues, now exceeding 3,200 customersGrowing operating profit amidst industry transformation in contrast to main peerIFRS earnings per share up 37%, Non-IFRS earnings per share up 9% to... More