Net profit reached €720 million ($835 million) or €1.173 bn ($1.361 million) non-IFRS at constant currencies. SAP reported net profit of €666 million last year.
Operating profit based on IFRS rose 13 percent to 1.04 billion euros in comparison to 926 million in Q2 2017. Non-IFRS results were reported as 1.64 billion euros. New cloud bookings grew by 24 percent -- or 29 percent at constant currencies -- in Q2 2015, resulting in financial results of €421 million.
Cloud subscriptions and support revenue grew 30 percent year-over-year to €1.213 billion, or €1.227 billion, up 40 percent non-IFRS.
Cloud and software revenue reached 4.944 billion euros, an increase of four percent on 4.757bn euros year-over-year, or 4.959 billion euros non-IFRS.
SAP announced the expectation of positive impact on revenue from the adoption of IFRS 15 this year. In Q2, SAP enjoyed an increased reported operating profit of approximately €54 million due to IFRS 15.
In the six months ending 30 June 2018, basic earnings per share were €1.20 IFRS, based on a total revenue of €11.26 billion and profit after tax of €1.428 billion.
Cloud subscriptions and support revenue was reported at €2.283 billion, while software licenses and support revenue reached €7.012 billion.
The strong financial report has also led to an increase in SAP's business outlook. For the full fiscal year, SAP now expects non-IFRS cloud subscriptions and support revenue to be in the range of €5.050 billion to €5.200 billion at constant currencies, in comparison to 2017's results of €3.77 billion.
Previously, SAP expected results to fall within the range of €4.95 billion to €5.15 billion.
Non-IFRS cloud and software revenue is now expected to be in the range of €21.025 to €21.250 billion at constant currencies, up 7.5 percent to 8.5 percent. SAP's earlier outlook suggested revenue would fall between €20.85 to €21.25 billion at constant currencies.
Total revenue over 2018 is expected to be in a range of €24.975 billion to €25.300 billion non-IFRS at constant currencies, an increase of €23.46 billion in 2017.
Non-IFRS operating profit is expected to settle within the range of €7.4 billion to €7.5 billion at constant currencies, up nine to 11 percent. This is an increase from SAP's previous estimate of €7.35 billion to €7.50 billion.
Beyond 2018, SAP has also updated the firm's outlook heading into 2020. SAP now expects non-IFRS results in 2020 to reach €28 to €29 billion non-IFRS in total revenue and €8.5 to €9.0 billion in operating profit.
In addition, SAP expects non-IFRS cloud subscriptions and support revenue to reach between €8.2 and €8.7 billion.