For Writing | 20/07/2016 at 10h49
SAP announced the financial results relating to second quarter 2016, covering the months of April to June, with numbers that surpassed the expectations of analysts. The German company of IT services managed to increase its earnings per share at $ 0.90, while the forecast of analysts was for earnings per share quarterly stayed at $ 0.78.
good performance of the company is credited to increased business in the cloud and software, which received a $ 4.8 million income, meaning an increase of 7% over the same period last year. BIll McDermott, CEO of SAP, said the new business model drove the acceleration in every business, including cloud computing services. The S / 4hana platform, for example, currently has 3,700 customers.
SAP’s operating profit for the quarter jumped 81% to $ 1.4 billion, and sales in the period totaled US $ 5, 77 billion. Revenues from software license sales also exceeded the forecasts of analysts and were better than the results achieved in the first quarter. However, revenues from this sector fell by 2%, while revenues from software-related services grew by 4%. Between January and June, the growth of revenue from computer services applications and cloud was 32%.
Earlier this month, SAP announced the acquisition of the Norwegian company Federn Technology AS in order to increase its portfolio of services and development of products related to the Internet of Things. Services include preventive maintenance, structural monitoring and other applications related to Industry 4.0, which involves data sharing automation technologies, such as cloud computing and their own Internet of things.
the German company also invested in its cloud services with the launch of solutions such as intelligent integration of SAP HANA data, qualitative analysis of SAP HANA data, SAP cloud Identity Access Governance and SAP Data Services. In addition, the company also launched the SAP Exchange Media and SAP Vehicle Insights
Source:. SAP
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