SAP: 4Q Earnings Snapshot
WALLDORF, Germany (AP) _ SAP SE (SAP) on Tuesday reported fourth-quarter net income of $1.81 billion.
The Walldorf, Germany-based company said it had profit of $1.52 per share. Earnings, adjusted for one-time gains and costs, came to $2.02 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The business software maker posted revenue of $8.9 billion in the period.
For the year, the company reported profit of $3.74 billion, or $3.14 per share. Revenue was reported as $30.86 billion.
SAP shares have increased almost 5% since the beginning of the year. The stock has risen 32% in the last 12 months.