Investing.com - Software AG reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Software AG announced earnings per share of €0.34 on revenue of €206M. Analysts polled by Investing.com anticipated EPS of €0.2506 on revenue of €194.59M.
Software AG shares are down 14.48% from the beginning of the year and are trading at €30.000 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Software AG follows other major Information Technology sector earnings this month
Software AG's report follows an earnings missed by SAP on Friday, who reported EPS of €1 on revenue of €7.08B, compared to forecasts EPS of €1.16 on revenue of €6.89B.
Cancom SE had missed expectations on Tuesday, March 29, 2022 with first quarter EPS of €0.375 on revenue of €356.8M, compared to forecast for EPS of €0.44 on revenue of €358.35M.
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