SAP: 2Q Earnings Snapshot
WALLDORF, Germany (AP) _ SAP SE (SAP) on Thursday reported second-quarter earnings of $639.5 million.
The Walldorf, Germany-based company said it had profit of 54 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were $1.22 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The business software maker posted revenue of $7.45 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $7.47 billion.
SAP shares have climbed 35% since the beginning of the year. The stock has risen 10% in the last 12 months.