SAP Q2 operating profit beats expectations on licence growth
FRANKFURT, July 20 (Reuters) - Europe's largest software company SAP reported better then expected quarterly operating profit on Wednesday, helped by a rise in software licenses, especially in Europe.
Second-quarter operating profit, excluding special items, rose 9 percent to 1.52 billion euros ($1.67 billion), beating average analysts' expectations of 1.45 billion euros in a Reuters poll.
SAP said it still expected full-year operating profit to come to between 6.4 billion and 6.7 billion euros.
Analysts polled by Reuters forecast a 2016 profit of 6.61 billion euros, with individual estimates of 18 analysts ranging from 6.42 billion to 7.05 billion euros.
($1 = 0.9082 euros) (Reporting by Harro ten Wolde; Editing by Maria Sheahan)
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