WALLDORF/ORLANDO (dpa-AFX) - Europe's largest software maker SAP has set itself slightly higher new medium-term targets than expected as a result of the announced sale of its U.S. subsidiary Qualtrics. In terms of total revenue, SAP CEO Christian Klein now calculates more than 37.5 billion euros for 2025, of which more than 21.5 billion euros will come from the cloud, the Walldorf-based company announced Tuesday at the Sapphire customer trade show in Orlando. This now excludes Qualtrics as a discontinued operation. Previously, more than 36 billion euros in total revenue was in the plan, to which the software for use over the network should contribute more than 22 billion euros. Analysts surveyed by the Bloomberg news agency had on average expected somewhat lower targets.

In terms of the 2025 operating result, the new CFO Dominik Asam is making slight cutbacks due to the lack of contributions from Qualtrics. Thus, adjusted for special items and before interest and taxes, a profit of around 11.5 billion euros is to be achieved in 2025. Including the Americans, SAP had recently set its sights on an operating profit of more than 11.5 billion euros. Experts on the stock market had previously had noticeably less operating profit on the cards. SAP also announced a new share buyback of up to 5 billion euros, and the stock was up one percent at the end of the day./men/ngu