Tuesday 21 November 2017

SAP second quarter operating profit beats expectations on licence growth

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.

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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