Benzinga | Oct 26, 2020 07:04AM EDT

Recap: SAP Q3 Earnings

Shares of SAP (NYSE: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 (euro)27.2 billion to (euro)27.8 billion, compared to an earlier estimate of between (euro)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.