SAP AG Announces Preliminary Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
For the year, IFRS total revenue was EUR 16.22 billion against EUR 14.23 billion a year ago, an increase of 14%. Non-IFRS total revenue was EUR 16.30 billion against EUR 14.26 billion a year ago, an increase of 14%. IFRS operating profit was EUR 4.06 billion against EUR 4.88 billion a year ago, a decrease of 17%. Non-IFRS operating profit was EUR 5.21 billion against EUR 4.71 billion a year ago, an increase of 11%. This was slightly below SAP's non-IFRS operating profit guidance which was in a range of EUR 5.05 to EUR 5.25 billion at constant currencies due to the company's continued investments in key innovations as well as the expansion of SAP's global go-to-market activities. Operating profit for the full year 2012 were impacted by SAP's continued investments in its global go-to-market activities and its cloud business.