SAP is engaged in selling licenses for software solutions and related support services. Co. derives its revenue from fees charged to its customers for the use of its cloud solutions and for licensing of on-premise software products and solutions. Additional sources of revenue are support, professional services, development, training, and other services. Co. has more than 300,000 customers in over 180 countries. Co.'s SAP HANA platform holds the ability to simplify both the user experience and the overall IT landscape, creating a smaller data footprint, increased system throughput, and easier data processing and operation.
  • TickerSAP
  • ISINDE0007164600
  • SectorSoftware & Computer Services
  • CountryGermany

SAP SE: Key facts and statistics - FYE December 2020

SAP Company Profile

Charles Lepetitpas ...
  • Nicolas David

SAP : SAP and the two faces of the cloud

>Definitive accounts confirm quality of Q1 results - SAP reported its definitive Q1 2021 results this morning. In detail, these figures confirm the good quality of its preliminary results and of its commercial momentum:- Qualtrics posted a sharp improvement in its growth in Q1 2021 (+45% of cloud revenues vs 36% y-o-y in Q4 2020), which also earned it a gain of 23% last night in the US market. - Growth in maintenance (flat on cc) was affected by the weak sho...

Charles Lepetitpas ...
  • Nicolas David

SAP : SAP et les deux visages du Cloud

>Les comptes définitifs valident la qualité des résultats Q1 - SAP a publié hier matin ses comptes Q1 2021 définitifs. Dans le détail, ces chiffres confirment la bonne qualité des résultats préliminaires et de la dynamique commerciale :- Qualtrics affiche un fort rebond de sa croissance au T1 21 (+45% des revenus Cloud vs 36% y/y au T4 20), ce qui lui a d’ailleurs valu une hausse de 23% la nuit dernière sur le marché US. - La croissance de la maintenance (fl...

Research Department

INFORME DIARIO 22 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’21. IDEAS DESTACADAS Y PREVIEWS (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ACS, CELLNEX, INDRA, RED ELÉCTRICA. EUROPA: PERNOD RICARD, SAP. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los previews de Rdos. 1T’21 que se publicarán en España y Europa en los próximos días. El mercado se recupera El mercado compró con las caídas y las bolsas europeas recuperaron parte del terreno con el rebote del +1,0%. En general, los sectores growth del Euro STOXX han tomado el relevo en las subidas, con Retail y B. de consumo liderando las ganancias m...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

Int'l Equity Strategy Global equities were on a tear in early January, continuing the trend that began in 4Q2019. As global equities started to get extended, the coronavirus outbreak hit in mid-January, leading to some market setbacks and deterioration in market indicators as global growth expectations were dialed-in. Despite this deterioration, what was important to us was that there were not any breakdowns. Even the areas of the market most-directly affected by the outbreak -- China (MSCI China) and EM (MSCI EM) -- were not breaking down. To us, this was a reassuring sign of underlying stre...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Equity Strategy

Int'l Equity Strategy Global equities staged an impressive rally over the first four months of 2019. The nearly unabated advance allowed the broad major indexes (MSCI ACWI, ACWI ex-US, and EAFE) to break topside critical 14-month downtrends which began in January 2018. Heading into May, YTD uptrends were ubiquitous and market participants were generally of the belief that a US-China trade deal was a foregone conclusion. Then came Trump's May 5th tweets claiming China was attempting to renegotiate, and that tariffs would increase from 10% to 25%. The tariff escalation contributed to uptrend br...

Jérôme VINERIER

Short term view - SAP AG VZ : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €87.70. The bearish trend would be challenged above €108.30.

Jérôme VINERIER

Analyse court terme - SAP AG VZ : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 87,70 €. La tendance baissière serait remise en cause au-dessus de 108,30 €.

Jérôme VINERIER

Analyse court terme - SAP AG VZ : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 87,70 €, puis 81,00 €. Le franchissement de 108,30 € remettrait en cause la suite de la baisse.

SAP Se: 1 director bought

A director at SAP Se bought 531,914 shares at 93.480EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Charles Lepetitpas ...
  • Nicolas David

SAP : SAP and the two faces of the cloud

>Definitive accounts confirm quality of Q1 results - SAP reported its definitive Q1 2021 results this morning. In detail, these figures confirm the good quality of its preliminary results and of its commercial momentum:- Qualtrics posted a sharp improvement in its growth in Q1 2021 (+45% of cloud revenues vs 36% y-o-y in Q4 2020), which also earned it a gain of 23% last night in the US market. - Growth in maintenance (flat on cc) was affected by the weak sho...

Charles Lepetitpas ...
  • Nicolas David

SAP : SAP et les deux visages du Cloud

>Les comptes définitifs valident la qualité des résultats Q1 - SAP a publié hier matin ses comptes Q1 2021 définitifs. Dans le détail, ces chiffres confirment la bonne qualité des résultats préliminaires et de la dynamique commerciale :- Qualtrics affiche un fort rebond de sa croissance au T1 21 (+45% des revenus Cloud vs 36% y/y au T4 20), ce qui lui a d’ailleurs valu une hausse de 23% la nuit dernière sur le marché US. - La croissance de la maintenance (fl...

Research Department

INFORME DIARIO 22 ABRIL + RDOS. ESPAÑA Y EUROPA 1T’21. IDEAS DESTACADAS Y PREVIEWS (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ACS, CELLNEX, INDRA, RED ELÉCTRICA. EUROPA: PERNOD RICARD, SAP. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los previews de Rdos. 1T’21 que se publicarán en España y Europa en los próximos días. El mercado se recupera El mercado compró con las caídas y las bolsas europeas recuperaron parte del terreno con el rebote del +1,0%. En general, los sectores growth del Euro STOXX han tomado el relevo en las subidas, con Retail y B. de consumo liderando las ganancias m...

Gregory Ramirez

SAP: Off to a good start in 2021 | BUY | EUR133(+19%)

SAP - BUY | EUR133(+19%) Off to a good start in 2021 We reiterate our Buy rating with a target price of EUR133 Outperformance in Q1 stemmed from licence sales and operating costs FY21 revenue guidance is slightly raised, but not operating profit Core business refocus is confirmed with a JV on Financial Services

Charles Lepetitpas ...
  • Nicolas David

SAP : T1 très supérieur aux attentes mais guidances FY 2021 presque inchangées

>CA Software 2.6% au-dessus des attentes, tiré par les licences - SAP a pre-annoncé hier soir des résultats T1 2021 globalement supérieurs aux attentes, avec notamment un CA de 6.35 Md€, 1.6% au-dessus des attentes. Cette surperformance est tirée par de très bonnes ventes de licences, qui sont en croissance de 11% à cc alors que le marché pariait sur une chute (Css : -18% rep ; ODDO BHF :-9% à cc). Il s’agit du plus haut niveau affiché depuis 5 ans, certes aidé par un...

Expert Corporate Governance Service (ECGS)

SAP – AGM 20 May 2020

WARNING: The AGM is to be held in the form of a virtual AGM in accordance with the German Act to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by way of postal voting or by granting authority to the proxies designated by the Company.   Item 4: We note a high number of changes at Management Board level during 2019 and 2020, especially regarding the CEO position. This new hire-and-fire mentality at SAP leads us to question whether the Supervisory Board op...

Expert Corporate Governance Service (ECGS)

SAP - AGM 15 May 2019

Item 5: We recommend opposing the re-election of KPMG as auditor. While we have no concerns over the ratio of non-audit/audit fees we note that KPMG has audited the Company since the financial year 2002 which exceeds our maximum acceptable term of office of 10 years in case no audit tender has taken place after the initial engagement period which has not been disclosed by the Company.  Items 6a, 6b, 6e, 6f and 6g: We recommend to oppose the re-election of various Board members due to concerns over aggregate time commitments or independence concerns.

SAP SE – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

SAP SE: Key facts and statistics - FYE December 2020

SAP Company Profile

SAP SE - December 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

SAP SE: SAPs Qualtrics IPO - a credit positive - generates more than $1.5 billion proceeds

The partial IPO of Qualtrics will lead to proceeds that we expect to be used to finance the acquisition of Signavio which focuses on Business Process Intelligence (BPI) services.

Aarti Magan ...
  • Anil Passi
  • Reid Usher

Saputo Inc.: Rating Report

On December 8, 2020, DBRS Limited (DBRS Morningstar) confirmed Saputo Inc.'s (Saputo or the Company) Issuer Rating and Senior Unsecured Notes rating at BBB (high) with Stable trends. The rating actions reflect DBRS Morningstar's expectation that the Company's earnings profile will remain within the BBB (high) rating category in the medium term, despite the near-term pressure on earnings as a result of the Coronavirus Disease pandemic. The rating confirmations also incorporate DBRS Morningstar's expectation that, through its operating performance and financial management, Saputo's credit metric...

Aarti Magan ...
  • Anil Passi
  • Reid Usher

DBRS Morningstar Confirms Ratings on Saputo Inc. at BBB (high), Stable Trends

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Ratings on Saputo Inc. at BBB (high), Stable Trends

Olfa Taamallah ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/14/2021 /

...

Olfa Taamallah ...
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/04/2021 /

...

Bruno Cavalier ...
  • Jerôme Bodin
  • Matthias Desmarais
  • Wim Gille

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/02/2021

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An unfavourable environment weighs on SAP, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of SAP (DE), active in the Software industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date October 30, 2020, the closing price was EUR 91.50 and its target price was estimated at EUR 86.92.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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