Investing.com - SAP reported on Friday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SAP announced earnings per share of €1 on revenue of €7.08B. Analysts polled by Investing.com anticipated EPS of €1.16 on revenue of €6.86B.
SAP shares are down 22% from the beginning of the year and are trading at €96.200 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 6.33% from the start of the year.
SAP shares lost 3.37% in intra-day trade the report.
SAP follows other major Information Technology sector earnings this month
SAP's report follows an earnings missed by Cancom SE on March 29, who reported EPS of €0.31 on revenue of €356.6M, compared to forecasts EPS of €0.44 on revenue of €358.35M.
Jenoptik had missed expectations on March 29 with first quarter EPS of €0.47 on revenue of €286.5M, compared to forecast for EPS of €0.55 on revenue of €283.75M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar