SAP falls short of expectations as Oracle makes running
FRANKFURT (Reuters) – Quarterly earnings from SAP AG fell short of expectations on Tuesday, showing the German business software maker failed to keep up with arch-rival Oracle Corp and sending its shares sharply lower. SAP’s results, released more than a week before they had been scheduled, showed group revenue rose 12 percent to 5. 06 billion euros ($6. 8 billion), below an average analyst forecast of 5. 17 billion, according to Reuters data. Operating profit rose more slowly than revenue, gaining 10 percent to 1. 96 billion euros, resulting in SAP’s operating margin narrowing by 0. . . .
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