Tags: Sales

SAP comes out with disappointing results for the latest quarter

SAP is one of the giants in the software services market. The company has come out with their revenue report for the most recent quarter and the results are disappointing.

The poor result has led to a downfall in the company’s share prices. SAP said that its software license sales fell well short of expectations in the second quarter.

The stock price of the company was down 7.65 percent at 147.44 euros on the Frankfurt stock exchange. However, SAP said that the results were satisfactory and added that a 38-percent rise in bottom-line profits during the period from April to June put it on track to meeting its full-year targets.

The company added that net profit amounted to 432 million euros. This was an improvement of 38 percent from the same period last year.