Investing.com - Software AG reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Software AG announced earnings per share of €0.34 on revenue of €206M. Analysts polled by Investing.com anticipated EPS of €0.2506 on revenue of €194.59M.
Software AG shares are down 14.48% from the beginning of the year, still down 31.82% from its 52 week high of €44.00 set on August 31, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Software AG follows other major Information Technology sector earnings this month
Software AG's report follows an earnings missed by SAP on Friday, who reported EPS of €1 on revenue of €7.08B, compared to forecasts EPS of €1.16 on revenue of €6.89B.
Cancom SE had missed expectations on March 29 with first quarter EPS of €0.375 on revenue of €356.8M, compared to forecast for EPS of €0.44 on revenue of €358.35M.
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