SAP: 2Q Earnings Snapshot
Posted Jul 27, 2020 01:45:36 PM.
Last Updated Jul 27, 2020 01:54:37 PM.
This article is more than 5 years old.
WALLDORF, Germany (AP) _ SAP SE (SAP) on Monday reported second-quarter profit of $953.4 million.
The Walldorf, Germany-based company said it had net income of 80 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The business software maker posted revenue of $7.42 billion in the period.
SAP shares have risen 23% since the beginning of the year. The stock has climbed 31% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAP at https://www.zacks.com/ap/SAP
The Associated Press
