Software AG Earnings, Revenue beat In Q1

  • Investing.com
Software AG Earnings, Revenue beat In Q1

Investing.com - Software AG reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Software AG announced earnings per share of €0.38 on revenue of €207.0M. Analysts polled by Investing.com anticipated EPS of €0.37 on revenue of €201.91M. That with comparison to EPS of €0.49 on revenue of €201.4M in the same period a year before.Software AG had reported EPS of €0.83 on revenue of €255M in the previous quarter.Analysts are expecting EPS of €0.41 and revenue of €212.11M in the upcoming quarter.

Software AG shares are up 1.03% from the beginning of the year and are trading at €31.420 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% year to date.

Software AG follows other major Technology sector earnings this month

Software AG's report follows an earnings missed by SAP on Tuesday, who reported EPS of €0.85 on revenue of €6.52B, compared to forecasts EPS of €0.93 on revenue of €6.5B.

Sartorius AG VZO had beat expectations on Tuesday with first quarter EPS of €0.83 on revenue of €509.9M, compared to forecast for EPS of €0.82 on revenue of €501.85M.

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