Wednesday, July 20, 2016

SAP beats analysts’ expectations, reports “record-setting” revenue and profit

Bill McDermott, chief executive officer of SAP AG, poses for a photograph during the software company's annual general meeting in Mannheim, Germany, on Wednesday, May 21, 2014. McDermott, who becomes the German company's sole chief executive officer today, is counting on the leadership change to speed decision-making at the software maker trying to accelerate growth. Photographer: Martin Leissl/Bloomberg via Getty Images German IT services and enterprise giant SAP reported encouraging numbers for Q2 2016, beating analysts’ expectations and spiking its share price by nearly five percent in pre-market trading Wednesday as its non-IFRS EPS increased 2 percent to €0.82 ($0.90). Analysts had predicted a quarterly EPS of $0.78. The leap is owed in part to the strength of the company’s… Read More

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