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Software licenses revenue was down 23% year over year to €1.22 billion (IFRS and non-IFRS) and down 23% (non-IFRS at constant currencies).

Not sure if they were under pressure or what, but since SAP acquired Sybase, some managers had a completely different attitude toward employees. In line with our strategy we continue to invest in our growth drivers such as Industry Cloud.”“SAP’s broad solution portfolio, unmatched industry and geographic diversification coupled with our strong base of more predictable revenue have allowed us to weather the COVID-19 crisis well in this quarter. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. Software licenses revenue was down 18% year over year to €0.77 billion (IFRS and non-IFRS) and down 18% (non-IFRS at constant currencies), a strong sequential improvement compared to the first quarter. The outlook continues to be based on the assumption of a gradually improving demand environment in the third and fourth quarter as economies reopen further and population lockdowns ease.Non-IFRS cloud revenue is still expected to be in a range of €8.3 billion to €8.7 billion at constant currencies (2019: €7.01 billion), up 18% to 24% at constant currencies.Non-IFRS cloud and software revenue is still expected to be in a range of €23.4 to €24.0 billion at constant currencies (2019: €23.09 billion), up 1% to 4% at constant currencies.Non-IFRS total revenue is still expected to be in a range of €27.8 to €28.5 billion at constant currencies (2019: €27.63 billion), up 1% to 3% at constant currencies.Non-IFRS operating profit is still expected to be in a range of €8.1 to €8.7 billion at constant currencies (2019: €8.21 billion), down 1% to up 6% at constant currencies.The share of more predictable revenue (defined as the total of cloud revenue and software support revenue) is still expected to reach approximately 72%.While SAP’s full-year 2020 business outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year.SAP confirms its 2023 ambition which was previously published in its Q1 2020 Quarterly Statement.The Company remains in its quiet period until reporting its complete second quarter 2020 results on July 27This press release and all information therein is preliminary and unaudited.The 2019 comparative numbers for first half only include Qualtrics revenues and profits from acquisition date of January 23rd.SAP’s second quarter 2020 quarterly statement will be published on July 27, 2020 and will be available for download at www.sap.com/investor.SAP senior management will host a financial analyst conference call on Monday, July 27 at 2:00 PM (CET) / 1:00 PM (GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific). Menu. WALLDORF, Germany — After an initial review of its second quarter 2020 performance, SAP SE (NYSE: SAP) today announced its preliminary financial results for the second quarter ended June 30, 2020. According to McDermott said, SAP has "conservatively" modelled cloud as a $500m business. Software licenses revenue in Asia saw a solid rebound. from lower travel, facility related costs and virtualized events.

Current cloud backlog is expected to be up 20% to €6.65 billion (up 21% at constant currencies). Job Search . SAP is one of the biggest software and technology companies in … All 2020 figures in this release are approximate due to the preliminary nature of the announcement and the uncertainty associated with the COVID-19 crisis.Business activity gradually improved over the course of the second quarter following the global emergence of the COVID-19 crisis primarily in the last month of the first quarter.

As a result, our customers can emerge even stronger from the crisis.

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