SAP Australia posts AU$29m loss for FY18 despite billion-dollar revenue

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SAP: A look at its challenges, opportunitiesZDNets Larry Dignan caught up with Vinnie Mirchandani, author of SAP Nation 3.0, to talk about the enterprise software landscape and the evolution of one of enterprise softwares largest vendors. The local arm of SAP made AU$1.16 billion in revenue. When bundled with other incomes and expenses, such as AU$30 million in rent costs, SAP Australia reported a AU$27.7 million operating loss before income tax, which is significantly less than the AU$81.3 million operating loss before income tax in 2017. The parent company earlier this week reported an operating loss of €136 million IFRS in Q1 2019, chiefly resulting from a restructuring effort designed to tighten up the tech giants growth margins in the future. This is the motto of the company, the maxim of the brand and the organizing principle on our path to further expand our profitability for our shareholders," CEO Bill McDermott said on a first-quarter earnings conference call.

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