Stock Monitor: Cadence Design Systems Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 08, 2018 / Active-Investors.com has just released a free earnings report on SAP SE (NYSE: SAP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=SAP. The Company posted its financial results on January 30, 2018, for the fourth quarter fiscal 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Walldorf, Germany-based Company's quarterly IFRS total revenues and EPS grew 1% and 21% y-o-y, respectively. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Cadence Design Systems, Inc. (NASDAQ: CDNS), which also belongs to the Technology sector as the Company SAP SE. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, SAP SE most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=SAP
Earnings Highlights and Summary
In Q4 FY17, SAP reported total IFRS revenues of €6.81 billion compared to €6.72 billion in Q4 FY16. The Company's cloud and software revenues were €5.81 billion for the reported quarter compared to €5.76 billion in the Q4 FY16. Moreover, services revenues increased 4% to €998 million in Q4 FY17 from €963 million in the last year's same quarter.
The business software maker reported IFRS profit after tax of €1.87 billion, or €1.55 per basic share, in Q4 FY17 versus €1.53 billion, or €1.27 per diluted share, in Q4 FY16. Furthermore, non-IFRS profit after tax came in at €2.14 billion, or €1.77 per basic share, in Q4 FY17, up from €1.83 billion, or €1.53 per basic share, in the last year's comparable quarter.
SAP's IFRS total revenues stood at €23.46 billion for full the year FY17 compared to €22.06 billion in FY16. Additionally, IFRS profit after tax came in at €4.06 billion, or €3.36 per basic share, for FY17 up from €3.63 billion, or €3.04 per basic share, in the prior year.
Operating Metrics
During the three months ended December 31, 2017, the Company's total cost of revenue came in flat at €1.82 billion. The Company's gross profit stood at €4.98 billion, or 73.2% of total revenues, for Q4 FY17 versus €4.91 billion, or 73.0% of total revenues, in Q4 FY16. The Company's research and development (R&D) expenses came in at €878 million for the reported quarter compared to €859 million in Q4 FY16. The Company spent €1.87 billion on sales and marketing in Q4 FY17 compared to €1.81 billion in the prior year's corresponding quarter. The Company's total operating expenses were €4.84 billion for Q4 FY17 compared to €4.77 billion in Q4 FY16. Moreover, the Company's operating profit increased to €1.96 billion, or 28.9% of total revenues, during Q4 FY17 from €1.95 billion, or 29.0% of total revenues, in Q4 FY16.
Segment Performance
During Q4 FY17, Applications, Technology, & Services segment's revenues rose to €6.22 billion from €6.19 billion in Q4 FY16. The segment's profit came in at €2.74 billion, or 44% of segment revenues, in Q4 FY17 compared to €2.77 billion, or 45% of segment revenues, in Q4 FY16.
SAP Business Network segment's revenues increased 10% to €571 million in Q4 FY17 from €522 million in Q4 FY16. Moreover, the segment's operating income was €100 million, or 17% of segment revenues, in Q4 FY17, up from €85 million, or 16% of segment revenues, in the last year's same period.
Cash Flow and Balance Sheet
For the three months ended December 31, 2017, SAP generated €920 million in cash from operations compared to €1.00 billion in Q4 FY16. Furthermore, the Company reported a free cash flow of €609 million in Q4 FY17 versus €665 million in Q4 FY16.
The Company had a cash and cash equivalents balance of €4.01 billion as on December 31, 2017, compared to €3.70 billion at the close of books as on December 31, 2017. Furthermore, the group debt amounted to €6.26 billion as on December 31, 2017, compared to €7.83 billion as on December 31, 2017.
Outlook
In is guidance for the full year FY18, the Company expects non-IFRS cloud and software revenue on constant currencies to be in the range of €20.7 billion to €21.1 billion. Non-IFRS total revenue on constant currencies is anticipated to be in the band of €24.6 billion to €25.1 billion in FY18. Moreover, non-IFRS operating profit on constant currencies is projected to be between €7.3 billion and €7.5 billion in FY18.
Stock Performance Snapshot
February 07, 2018 - At Wednesday's closing bell, SAP SE's stock dropped 3.02%, ending the trading session at $105.09.
Volume traded for the day: 1.97 million shares, which was above the 3-month average volume of 834.07 thousand shares.
Stock performance in the past twelve-month period - up 14.28%
After yesterday's close, SAP SE's market cap was at $132.84 billion.
Price to Earnings (P/E) ratio was at 25.03.
The stock has a dividend yield of 1.27%.
The stock is part of the Technology sector, categorized under the Application Software industry.
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