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SAP: 4Q Earnings Snapshot

January 28, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAP at https://www.zacks.com/ap/SAP