UPDATE: SAP (SAP) Issues 'Best Ever' Q2; Profit Up 15%, Total Sales Up 18%
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(Updated - July 12, 2012 7:45 AM EDT)
SAP (NYSE: SAP) reported Q2 software sales rose 26 percent to €1.06 billion, which compares to the analyst consensus estimate of €977 million. Total revenue rose 18 percent to €3.9 billion. Operating profit was €920 million, up 7 percent from the €860 million during the same quarter last year. Non-IFRS operating profit rose 15 percent to €1.17 billion, which compares to the Street estimate of €1.16 billion.
Shares of SAP are now up about 1.5 percent in Thursday morning's pre-open session. On the NYSE, the stock last traded at $57.70.
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SAP (NYSE: SAP) reported Q2 software sales rose 26 percent to €1.06 billion, which compares to the analyst consensus estimate of €977 million. Total revenue rose 18 percent to €3.9 billion. Operating profit was €920 million, up 7 percent from the €860 million during the same quarter last year. Non-IFRS operating profit rose 15 percent to €1.17 billion, which compares to the Street estimate of €1.16 billion.
Shares of SAP are now up about 1.5 percent in Thursday morning's pre-open session. On the NYSE, the stock last traded at $57.70.
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