SAP second quarter operating profit beats expectations on licence growth
Published 20/07/2016 | 09:09
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.
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.