BERLIN (Reuters) – Business software maker SAP reported slower than expected revenue growth and a drop in profits for the third quarter, citing lower contribution from software licenses revenue as well as investments in growth.
Total revenue grew by 5% in currency-adjusted terms to 7.84 billion euros, SAP said on Tuesday, missing analyst consensus for a jump to 8.49 billion.
Non-IFRS operating profit came to 2.094 billion euros ($2.07 billion) in the three months through September, an 8% drop at constant currencies. Earnings per share of 1.12 euros fell short of consensus for 1.62 euros.
SAP stuck with a forecast for full-year operating profit to come to 7.6 billion to 7.9 billion euros, which it had cut from 7.8 billion-8.25 billion in July.
($1 = 1.0124 euros)
(Reporting by Maria Sheahan, Editing by Miranda Murray)
