SAP aims to widen its non-IFRS operating margin to 35% during the same year
Sap is aiming to generate revenues of about €20bn per year by 2015 as well as aims to widen its non-International Financial Reporting Standards (IFRS) operating margin to 35% over the next three years.
According to the company’s Annual Report filed with the US Securities and Exchange Commission (SEC), non-IFRS software and cloud subscription revenue is expected to rise in a range of 14% to 20% at constant currencies during 2013.
During overall 2013, non-IFRS cloud subscription and support revenue is expected to reach about €750m, while non-IFRS software and software-related service revenue is anticipated to rise between 11% and 13%.
SAP is anticipating a profit between €5.85bn and €5.95bn for the complete 2013 in addition to an IFRS effective tax rate of 25.5% to 26.5% and a non-IFRS effective tax rate of 27% to 28%.