SAP SE beats by €0.02, slightly tops revenue ests; raises FY24 cloud and software revenue outlook in cc
- Reports Q3 (Sep) earnings of €1.23 per share, excluding non-recurring items, €0.02 better than the FactSet Consensus of €1.21; revenues rose 9.4% year/year to €8.47 bln vs the €8.45 bln FactSet Consensus.
- Cloud and software revenue of €7.43 bln, up 11% yr/yr.
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FY24 outlook:
- Co expects cloud and software revs of €29.5-29.8 bln in constant currency, raising the midpoint by €400 mln.
- Co continues to expect cloud revs of €17.0-17.3 bln in constant currency.