Investing.com - SAP reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SAP announced earnings per share of €1.17 on revenue of €6.74B. Analysts polled by Investing.com anticipated EPS of €1.12 on revenue of €6.7B.
SAP shares are up 16% from the beginning of the year and are trading at €139.690 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 11.8% from the start of the year.
SAP shares gained 2.53% in intra-day trade the report.
SAP follows other major Technology sector earnings this month
SAP's report follows an earnings beat by Sartorius AG VZO on July 21, who reported EPS of €0.99 on revenue of €546.9M, compared to forecasts EPS of €0.96 on revenue of €544.7M.
Sartorius AG had beat expectations on July 21 with second quarter EPS of €0.99 on revenue of €546.9M, compared to forecast for EPS of €0.96 on revenue of €544.7M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar