SAP Shares Fall After Earnings Trail Analysts’ Estimates
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SAP AG, the biggest maker of business-management software, fell the most in six months after reporting earnings that trailed analysts’ estimates because of rising spending and slowing growth in the Americas.
Fourth-quarter operating profit excluding some items rose about 10 percent to 1.96 billion euros ($2.6 billion), the Walldorf, Germany-based company said today. Analysts had projected 2 billion euros, the average of estimates compiled by Bloomberg showed. Sales of new software licenses, an indicator of future revenue, also trailed projections.