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SAP SE (NYSE:SAP) reported its first-quarter results after Thursday’s closing bell, beating Wall Street’s earnings estimates.
Here’s a look inside the report.
- SAP stock is moving. Watch the price action here.
SAP Q1 Details
SAP reported quarterly earnings of $2.01 per share, which beat the consensus estimate of $1.92 by 4.69%, according to Benzinga Pro data.
Quarterly revenue came in at $11.19 billion, which just missed the Street estimate of $11.26 billion and was up from $9.48 billion in the prior year’s quarter.
SAP reported the following first-quarter highlights:
- Current cloud backlog of €21.9 billion ($25,586,865,000), up 20% …
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