Tuesday 27 September 2016

SAP second quarter operating profit beats expectations on licence growth

Published 20/07/2016 | 09:09

German firm SAP provides software for transactions
German firm SAP provides software for transactions

Europe's largest software company SAP reported better then expected quarterly operating profit on Wednesday, helped by a rise in software licenses, especially in Europe.

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Second-quarter operating profit, excluding special items, rose 9 percent to €1.52bn, beating average analysts' expectations of €1.45bn in a Reuters poll.

SAP said it still expected full-year operating profit to come to between €6.4bn and €6.7bn.

Analysts polled by Reuters forecast a 2016 profit of €6.61bn, with individual estimates of 18 analysts ranging from €6.42bn to €7.05bn.

Reuters

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