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4/22, 7:06 AM (Source: TeleTrader)
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SAP: Q1 EPS at €0.88, up 29% YoY

SAP SE reported on Thursday that its diluted earnings per share rose by 29% year over year to €0.88 in the first quarter of fiscal 2021.

Total revenue landed at €6.35 billion after declining 3% from the first trimester of 2020, while operating profit dropped 21% on an annual basis to €960 million in the three months that ended on March 31, 2021.

"We had the highest order entry growth across cloud and software in five years while posting the strongest increase in Non-IFRS operating profit and margin in a decade. Free cash flow was up double-digit compared to a record prior year. In the mid term SAP's expedited shift to the cloud will accelerate topline growth and significantly increase the resiliency and predictability of our business," CFO Luka Mucic noted in the press release.

Breaking the News / MS