SAP (SAP) Q4 IFRS Revenues Rises 7%, Boosts 2020 Outlook

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SAP Hits Increased 2016 Guidance - Raises 2020 Targets

January 24, 2017 1:10 AM EST

WALLDORF, Germany, Jan. 24, 2017 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced its financial results for the fourth quarter and twelve months ended December 31, 2016.

"SAP's outstanding 2016 performance is the latest in our seven year run of profitable growth. We expanded our addressable market, acquired best in class assets and innovated a new generation of ERP with SAP S/4HANA. We are the leader in the business software industry with a consistent trifecta of strong software sales, fast cloud growth... More