> KEY ESTIMATES > CONSENSUS OVERVIEW > INDIVIDUAL ESTIMATES

Consensus Estimates



Key Performance Indicators
(€ millions, unless otherwise stated)		 Number of Estimates Mean Median Lowest Highest
 
Software revenue 254,995 4,994 4,792 5,243
Non-IFRS1) cloud subscription and support revenue 23756 749 714 825
Non-IFRS1) software and cloud subscription revenue 235,748 5,751 5,532 6,064
Non-IFRS1) software and cloud subscription growth rate 2315.0% 15.0% 10.6% 21.3%
Non-IFRS1) software and cloud subscription growth rate at constant currencies 1016.5% 15.8% 12.0% 23.8%
Non-IFRS1) support revenue 248,878 8,879 8,646 9,094
Non-IFRS1) software and software-related service revenue (SSRS) 2514,641 14,612 14,297 15,038
Non-IFRS1) SSRS growth rate 2510.5% 10.3% 7.9% 13.5%
Non-IFRS1) SSRS growth rate at constant currencies 1311.9% 11.9% 10.5% 14.6%
Non-IFRS1) total revenue 2517,736 17,707 17,239 18,155
IFRS total revenue 1617,701 17,699 17,415 18,061
Non-IFRS1) operating profit 255,777 5,792 5,399 6,189
Non-IFRS1) operating margin 2532.6% 32.6% 31.3% 34.1%
Non-IFRS1) operating profit at constant currencies 4- - - -
Non-IFRS1) operating margin at constant currencies 532.7% 32.6% 31.8% 34.1%
IFRS operating profit 184,713 4,691 4,522 5,053
Non-IFRS1) profit after tax (attributable to owners of parent) 244,136 4,146 3,888 4,457
IFRS profit after tax (attributable to owners of parent) 183,416 3,377 3,270 3,722
Non-IFRS1) earnings per share (in €) 253.47 3.47 3.25 3.75
IFRS earnings per share (in €) 192.85 2.82 2.67 3.12
Currency assumption USD/EUR 131.31 1.31 1.28 1.32
Creating Trust


1) Non-IFRS Adjustments:
• Adjustments in the revenue line items are for the support or cloud subscription and support revenue that an entity acquired by SAP would have recognized had it remained a standalone entity but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules.
• Acquisition-related charges:
      • Amortization expense/impairment charges of intangibles acquired in business combinations and certain standalone acquisitions of intellectual property (including purchased in-process research and development)
      • Restructuring expense and settlement of pre-existing relationships incurred in connection with a business combination
      • Acquisition related third-party costs
• Discontinued Activities:
      • • Results of the discontinued operations that qualify as such under IFRS in all respects except that they do not represent a major line of business
• Expenses relating to share-based compensation
• Restructuring expenses

Please note that all estimates must be in accordance with IFRS/non-IFRS accounting. For further information on our Non-IFRS measures:
http://www.sap.com/corporate-en/investors/reports/index.epx


Disclaimer
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.