SAP Pre-Announces First Quarter Results, Updates 2020 Outlook
(WorldNews Germany)

WALLDORF, Germany - After an initial review of its first quarter 2020 performance, SAP SE (NYSE: SAP) today announced its preliminary financial results for the first quarter ended March 31, 2020. IFRS Cloud Revenue Up 29%; Non-IFRS Cloud Revenue Up 27% Software Licenses Revenue Down 31% Total Revenue Up 7% IFRS Operating Profit Up More Than 100%; Non-IFRS Operating Profit Up 1% 2020 Outlook Updated to Reflect Estimated Impact of COVID-19 `As the world navigates the COVID-19 pandemic, SAP has remained focused on our employees, customers, and communities. To support them, we made our vast business networks and technology available for companies to find new sources of supply and manage demand,...