Investing.com - Software AG reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Software AG announced earnings per share of €0.38 on revenue of €204.6M. Analysts polled by Investing.com anticipated EPS of €0.39 on revenue of €202.85M.
Software AG shares are up 27.91% from the beginning of the year , still down 4.24% from its 52 week high of €41.54 set on July 22. They are outperforming the EUR/USD which is down 0% from the start of the year.
Software AG follows other major Technology sector earnings this month
Software AG's report follows an earnings beat by Sartorius AG VZO on Tuesday, who reported EPS of €0.99 on revenue of €546.9M, compared to forecasts EPS of €0.94 on revenue of €547.42M.
Sartorius AG had beat expectations on Tuesday with second quarter EPS of €0.99 on revenue of €546.9M, compared to forecast for EPS of €0.94 on revenue of €547.42M.
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