Recap: SAP Q3 Earnings

Shares of SAP SAP decreased 19.4% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 40.14% year over year to $1.99, which beat the estimate of $1.54.

Revenue of $7,637,000,000 higher by 2.90% year over year, which missed the estimate of $8,160,000,000.

Guidance

The full-year 2020 guidance anticipates a 72% predictable revenue share along with a drop in the non-IFRS total revenues in the range of €27.2 billion to €27.8 billion, compared to an earlier estimate of between €27.8 billion to 28.5 billion.

How To Listen To The Conference Call

Date: Oct 26, 2020

Time: 09:00 AM

ET Webcast URL: https://broadcast.co.sap.com/go/QReport

Technicals

52-week high: $169.30

52-week low: $90.89

Price action over last quarter: down 24.76%

Company Overview

SAP is a global software vendor providing solutions for enterprise resource planning, database management, business intelligence, and vertical-specific software. Its flagship software products run on SAP's HANA database technology. In fiscal 2019, the company generated roughly 44% of revenue from Europe, the Middle East, and Africa, 41% from the Americas, and 15% from Asia.