Investing.com - SAP reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SAP announced earnings per share of €0.96 on revenue of €7.52B. Analysts polled by Investing.com anticipated EPS of €1.08 on revenue of €7.32B.
SAP shares are down 29% from the beginning of the year and are trading at €87.170 , down-from-52-week-high.They are under-performing the DAX which is down 16.64% from the start of the year.
SAP shares lost 3.91% in intra-day trade the report.
SAP follows other major Information Technology sector earnings this month
SAP's report follows an earnings beat by Software AG on July 15, who reported EPS of €0.4226 on revenue of €226.9M, compared to forecasts EPS of €0.3288 on revenue of €227.17M.
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