Search This Blog


Tuesday, July 16, 2013

Earnings Increase Expected for SAP (SAP)

Analysts expect higher profit for SAP SAP +0.84% when the company reports its second quarter results on Thursday, July 18, 2013. The consensus estimate is calling for profit of 91 cents a share, reflecting a rise from 84 cents per share a year ago.

The consensus estimate is up from three months ago when it was 83 cents, but hasn’t changed over the past month. Analysts are expecting earnings of $4.20 per share for the fiscal year. A year after being $4.95 billion, analysts expect revenue to fall 14% year-over-year to $4.25 billion for the quarter. For the year, revenue is projected to come in at $17.83 billion.
Revenue fell year-over-year in the first quarter, snapping the three-quarter streak of rising revenue.
The company has seen steady earnings for the last eight quarters, but income has been sliding year-over-year by an average of 18% over the last four quarters.The company was hit the hardest in the third quarter as it saw profit drop by 53%.
SAP sells licenses for software solutions and related support services, in addition to offering consulting, training and other services for its software solutions. One of SAP’s main competitors in the software and programming industry, Microsoft MSFT +0.28% (MSFT), will report earnings on Thursday, July 18, 2013. Analysts are expecting earnings of $0.74 per share for Microsoft, up 1% from last year’s earnings of $0.73 per share.
Other competitors in the technology sector include: NetSuite Inc, Adobe Systems ADBE -1.34% and Tibco Software Inc.

No comments:

Post a Comment

wibiya widget

Disqus for Surut Shah

Web Analytics