Europe's largest software maker said that it expected 2017 revenue in the range of 23.0-23.5 billion euros ($24.91-$25.45 billion), at or above the average analyst expectation of 23.01 billion euros, according to Thomson Reuters I/B/E/S data.
SAP said it is now targeting a non-IFRS operating profit in the range of 6.7-7.0 billion euros. The midpoint of that range, 6.85 billion, is slightly below the 6.905 billion the mean estimate among analysts according to Thomson Reuters data.
On the same basis, a year ago, SAP had forecast total 2017 revenue of between 21 billion euros and 22 billion and operating profit in a range between 6.3 billion to 7.0 billion euros.
Last week, the German software maker pre-announced better-than-expected 2015 results, fuelled by strong year-end renewals by existing software licence customers. But it stuck a cautious tone in its 2016 outlook.