SAP SE ORD NPV (OTCMKTS:SAPGF) recently preannounced its 1Q2016 earnings, alerting investors and shareholders that it would be missing the analyst estimates. However, assurances from the company that its pipeline would be much stronger in 2Q2016, helped SAPGF maintain its gains and even move up during the subsequent sessions. The company had cited late signings of contracts, in the Americas, as the main reason for the miss, but it is also the reason that SAPGF would have a stronger 2Q2016.

Although the full earnings report is not scheduled for release until April 20, the preannouncement suggest that the EPS for 1Q2016 is going to be at $0.73. Despite the miss, SAPGF would still be reporting a 9% increase in EPS and 5% increase in its revenues. Bill McDermott, the CEO of SAP, revealed that he expects FY2016 to gain momentum very soon.

SAP’s cloud subscriptions grew a whopping 33%, during the quarter, on a year-over-year basis. The company also revealed a slower than expected start to FY2016, in North America. Some analysts had predicted a slower than expected start for the software industry, for the current year. These analysts are mostly holding a buy rating for SAP and believe that is just the first of a list on software companies, which would report earnings miss.

Some analysts are also placing their trust in the company’s new HANA database system and believe that it would help SAPGF create improved shareholder value. These analysts also believe that HANA would replace the current suite of software from SAP. It should be noted here that the system is currently a work in progress and only has a few modules available in the market. The development of the suite is expected to extend over the next few years.

SAP SE ORD NPV (OTCMKTS:SAPGF) experienced a 0.16% increase in its share price and traded a total of 102,558 shares, during the April 11 session, to close at a share price of $75.88.