“SAP AG (SAP), the biggest maker of business-management software, reported earnings trailing analysts’ estimates as the company increased spending and growth in the Americas slowed. The shares fell.
Fourth-quarter operating profit excluding some items rose about 10 percent to 1.96 billion euros ($2.61 billion), the Walldorf, Germany-based company said today in a statement. Analysts projected 2 billion euros, the average of estimates compiled by Bloomberg. Sales of new software licenses, an indicator of future revenue, climbed 9 percent to 1.94 billion euros, compared with analysts’ 1.95 billion-euro projection….”
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