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Update: SAP Shares Rise After Q2 Revenue Beat

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(Updates with the latest stock price movement in the headline and the first paragraph.)

SAP (SAP) shares rose 9.7% in Friday trading, a day after the company reported higher-than-expected Q2 revenue.

In the three months ended June 30, revenue rose to 9.88 billion euros ($11.2 billion) from 9.03 billion euros a year earlier.

Analysts polled by FactSet expected 9.85 billion euros.

Adjusted non-IFRS earnings rose to 1.59 euros from 1.50 euros.

Analysts expected 1.75 euros.

Price: $160.51, Change: $+14.13, Percent Change: +9.65%

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