SAP Strikes $2.4 Billion Deal To Acquire Sales Performance Software Developer Callidus, Plans Front-Office Application Push


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For the year ended Dec. 31 SAP reported total revenue of 23.46 billion Euros (U.S. $29.10 billion), up 6 percent from 22.06 billion Euros (U.S. $27.37 billion) in 2016. After-tax profit for the year was 4.06 billion Euros (U.S. $5.03 billion), up 12 percent from 3.63 billion Euros (U.S. $4.17 billion) in 2016.

That included cloud subscription and support revenue of 3.77 billion Euros (U.S. $4.67 billion) for all of 2017, up 26 percent from 2.99 billion Euros (U.S. $3.71 billion) one year earlier.

Revenue from traditional software license sales and support was up only 2 percent in 2017 to 15.78 billion Euros (U.S. $19.57 billion) from 15.43 billion Euros (U.S. $19.14 billion) in 2016.

For 2018 SAP is forecasting cloud and support revenue in the range of 4.8 billion Euros to 5.0 billion Euros (U.S. $5.95 billion to $6.20 billion), representing 27 to 33 percent growth at constant currencies. Total revenue for 2018 is expected to hit 24.6 billion to 25.1 billion Euros (U.S. $30.52 billion to $31.12) representing 5 to 7 percent growth at constant currencies.


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