06:12 AM EDT, 07/23/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

SAP (SAP) shares were up 6.5% in premarket activity on Tuesday after the company reported overnight an increase in Q2 earnings and revenue.

The company reported Q2 non-IFRS earnings late Monday of 1.10 euro ($1.20) per basic share, up from 0.69 euro a year earlier.

Analysts polled by Capital IQ expected EPS of 1.09 euro.

Revenue for the quarter ended June 30 was 8.29 billion euros, up from 7.55 billion euros a year earlier.

Analysts surveyed by Capital IQ expected 8.26 billion euros.

Price: 213.46, Change: +12.99, Percent Change: +6.48