German software major SAP SE (SAP), while announcing fourth-quarter results, said it expects fiscal 2021 adjusted operating profit of 7.8 billion euros to 8.2 billion euros, compared to last year's 8.28 billion euros. The outlook represents a 1 percent to 6 percent drop at constant currencies.
Further, SAP expects 9.1 billion euros to 9.5 billion euros non-IFRS cloud revenue, up 13 percent to 18 percent at constant currencies. The company projects 23.3 billion euros to 23.8 billion euros of non-IFRS cloud and software revenue, flat to up 2 percent at constant currencies.
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