Stocksak: Software maker SAP’s Q3 results are below expectations

© Stocksak. FILE PHOTO – A logo of the SAP exhibition area at the Viva Technology conference dedicated innovation and startups, at Porte de Versailles exhibition centre in Paris (France), June 15, 2022. REUTERS/Benoit Tessier

BERLIN (Stocksak). – SAP, a business application maker, reported slower revenue growth than expected and a drop of profits for the third period. This was due to lower contributions from software licenses revenue and investments in growth.

SAP on Tuesday reported that total revenue increased by 5% in currency adjusted terms to 7.84 Billion Euros. This is below the analyst consensus of 8.49 Billion.

Operating profit for non-IFRS was 2.094 billion euros ($2.07 trillion) in the three months to September. This is an 8% decrease at constant currencies. Earnings per share of 1.12 euro were below consensus of 1.62 euros.

SAP retained its full-year operating profit forecast of 7.6 billion to 7.9 million euros. This was down from 7.8 billion-8.25 trillion in July.

($1 = 1.0124 euros)

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