Investing.com - SAP reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SAP announced earnings per share of €1.4 on revenue of €6.35B. Analysts polled by Investing.com anticipated EPS of €1.01 on revenue of €6.32B.
SAP shares are up 12% from the beginning of the year and are trading at €120.580 , down-from-52-week-high.They are under-performing the Euro Stoxx 50 which is up 13.02% from the start of the year.
SAP shares gained 3.60% 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 Wednesday, who reported EPS of €1.77 on revenue of €791.1M, compared to forecasts EPS of €1.65 on revenue of €741.75M.
Sartorius AG had beat expectations on Wednesday with first quarter EPS of €1.77 on revenue of €791.1M, compared to forecast for EPS of €1.65 on revenue of €741.75M.
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