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 €87.455 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 13.69% from the start of the year.
SAP shares lost 3.60% in intra-day trade following the report.
SAP follows other major Information Technology sector earnings this month
SAP's report follows an earnings beat by Software AG on Friday, July 15, 2022, who reported EPS of €0.4226 on revenue of €226.9M, compared to forecasts EPS of €0.3288 on revenue of €227.17M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar