SAP raises 2025 outlook, launches 5 bln euro share buyback

Qualtrics International

16/05/2023 17:02

BERLIN, May 16 (Reuters) - SAP  SAPG.DE  on Tuesday
raised its 2025 total revenue outlook for continuing operations
by around 4 billion euros ($4.40 billion) and announced a share
buyback of up to 5 billion euros, boosted by strong demand for
its cloud business.
     For 2025, the company now expects revenue of more than 37.5
billion euros with cloud revenue of more than 21.5 billion
euros. It now sees non-IFRS operating profit of around 11.5
billion euros.
    ($1 = 0.9084 euros)

 (Reporting by Riham Alkousaa; Editing by Jan Harvey)
 ((Riham.Alkousaa@thomsonreuters.com; Twitter: @RihamKousa;))