{"id":204,"date":"2020-07-09T09:30:49","date_gmt":"2020-07-09T09:30:49","guid":{"rendered":"https:\/\/businessner.com\/?p=204"},"modified":"2020-07-09T09:31:18","modified_gmt":"2020-07-09T09:31:18","slug":"sap-pre-announces-strong-second-quarter-and-european-shares-rise","status":"publish","type":"post","link":"https:\/\/businessner.com\/sap-pre-announces-strong-second-quarter-and-european-shares-rise\/","title":{"rendered":"SAP Pre-Announces Strong Second Quarter and European shares rise"},"content":{"rendered":"<p>SAP SAP, 7.78% SAP, +2.00% was the standout performer, rising 7% as the German business software giant released its second-quarter results early, saying its adjusted operating profit rose 8%, as the Asia Pacific and Japan region had a strong recovery in software license revenue.<\/p>\n<p>That helped the German DAX DAX, 1.29% to outperform the other regional indexes in Europe, including the French CAC 40 PX1, 0.21% and U.K. FTSE 100 UKX, -0.27% .<\/p>\n<p>Helping the German index outperform Thursday were strong gains from SAP, up 7.5% at a new all-time high, with the business software giant posting a rise of 8% in its second quarter operating profit.<\/p>\n<p><strong>SAP reported Significant Increase in Operating Profit and Operating Margin:<\/strong><\/p>\n<ul>\n<li>IFRS Cloud Revenue Up 21%; Non-IFRS Cloud Revenue Up 19%<\/li>\n<li>Current Cloud Backlog Up 20%<\/li>\n<li>Software Licenses Revenue Down 18%, A Strong Sequential Improvement Compared To The First Quarter<\/li>\n<li>IFRS Cloud &amp; Software Revenue Up 4%; Non-IFRS Cloud &amp; Software Revenue Up 3%<\/li>\n<li>IFRS Operating Profit Up 55%; Non-IFRS Operating Profit Up 8%<\/li>\n<li>IFRS Operating Margin Up 6.5pp; Non-IFRS Operating Margin Up 1.8pp<\/li>\n<li>Reiterates 2020 Outlook<\/li>\n<\/ul>\n<blockquote class=\"td_quote_box td_box_center\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\">&#8220;I am extremely proud that our teams successfully navigated the very challenging environment to deliver a better than anticipated quarter. It&#8217;s clear, customers are turning to SAP&#8217;s Intelligent Enterprise to drive resilience, profitability and sustainability. Our portfolio is key to drive the kind of business transformation our customers want as our applications run the world&#8217;s most mission critical business processes. As a result, our customers can emerge even stronger from the crisis. In line with our strategy we continue to invest in our growth drivers such as Industry Cloud.&#8221;<\/p>\n<p style=\"text-align: right;\">Christian Klein, CEO<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>SAP SAP, 7.78% SAP, +2.00% was the standout performer, rising 7% as the German business software giant released its second-quarter results early, saying its adjusted operating profit rose 8%, as the Asia Pacific and Japan region had a strong recovery in software license revenue. That helped the German DAX DAX, 1.29% to outperform the other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":205,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"SAP&#039;s Q2 Results: Operating Profit Rises 8% as Asia Pacific and Japan Lead Recovery","_seopress_titles_desc":"German business software giant, SAP, outperforms regional indexes, with a rise of 7% in operating profit and a strong recovery in software license revenue.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[27],"tags":[],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/204"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=204"}],"version-history":[{"count":2,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/204\/revisions"}],"predecessor-version":[{"id":207,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/204\/revisions\/207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/205"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}