— SAP SE (NYSE: SAP) reported third quarter 2019 non-IFRS earnings of €1.30 per share, up 14% year-over-year.
— Total revenue grew 13% to €6.8 billion.
— Cloud and software revenue spiked 12% to €5.63 billion. New cloud bookings jumped 39%, primarily driven by a new 3-year partnership with Microsoft (NASDAQ: MSFT). Revenue recognition from this deal starts in the fourth quarter of 2019.
— Reiterates outlook on FY19 non-IFRS cloud revenue in the range of €6.7 − €7.0 billion at constant currencies, up 33% – 39%.
— Non-IFRS operating profit for FY19 is predicted to be €7.85 – €8.05 billion at constant currencies, up 9.5% – 12.5%.
— SAP shares gained 1.7% during pre-market trading hours.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,