SAP SE said its normalized net income for the first quarter amounted to 28 euro cents per share, compared with the S&P Capital IQ consensus estimate of 63 cents per share.
EPS fell 26.5% year over year from 38 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €331.3 million, a decline of 26.4% from €450.0 million in the prior-year period.
The normalized profit margin fell to 9.9% from 12.2% in the year-earlier period.
Total revenue climbed 21.6% year over year to €4.50 billion from €3.70 billion, and total operating expenses rose 28.6% year over year to €3.81 billion from €2.96 billion.
Reported net income fell 22.1% on an annual basis to €419.3 million, or 35 cents per share, from €538.2 million, or 45 cents per share.
