News Column

SAP Shares Fall After Revenue Figures Disappoint

Jan. 15, 2013

Shares in Europe's biggest software maker, SAP, fell Tuesday after the company unveiled lower-than-expected fourth quarter revenue figures.

SAP said revenue jumped 12 per cent to 5.06 billion euros (6.8 billion dollars) in the three months to end of December.

But this fell short of forecasts by analysts who had expected a gain to 5.13 billion euros.

SAP stock slumped 2.93 per cent following the company's announcement.

The preliminary data released by the company showed operating profit climbing 10 per cent to 1.96 billion euros.

Details of the group's results are due to be announced on February 23.





Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH


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