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January 12, 2016updated 31 Aug 2016 10:26am

Cloud business boosts SAP’s Q4 revenue by 16%

News: The company is due to report full results on the 22nd of this month.

By CBR Staff Writer

German software firm SAP has reported a 16% rise in revenue during the fourth quarter and full year 2015, revenue which was boosted by an increase in cloud revenue and double digit growth in in its core license business.

Non-IFRS revenue increased 16% to €6.35bn in Q4, compared to €5.47bn for the same period in 2014.

Operating profit increased to €2.28bn in Q4, from €2.13bn in the same period a year earlier.

Cloud subscriptions and support revenue surged 76% to €0.63bn, and software licenses revenue grew 15% to €2.15bn.

SAP said over 2,700 customers are running the SAP S/4HANA business suite, more than double the number in Q4. Cloud bookings rose 103% in 2015, with a 75% increase in Q4 alone.

The company said it will report detailed preliminary fourth quarter and full year 2015 results on 22nd of this month.

SAP CEO Bill McDermott said: "We decisively beat our full year guidance for cloud and software revenue.

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"SAP gained significant share against core and best of breed competitors. Across markets and industries SAP is extending its lead as the trusted innovator in the business software industry."

For 2016, SAP expects non-IFRS operating profit in a range of €6.4bn to €6.7bn at constant currencies. Cloud and software revenue is expected to increase by 6% to 8%.

 

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