German software maker SAP beats operating profit estimates for first quarter

A logo on the SAP exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier

(Reuters) -German software maker SAP on Tuesday reported an adjusted operating profit of 2.5 billion euros ($2.86 billion) for the first quarter of the year that came in above analysts' estimates.

Analysts had expected 2.22 billion euros in quarterly operating profit adjusted for special items after a result of 1.53 billion euros a year earlier, according to a company-provided consensus.