SAP: Decent Q2 2019 results, while the cloud gross margin surged | BUY - Top Picks | EUR153
SAP - BUY - Top Picks | EUR153Decent Q2 2019 results, while the cloud gross margin surged
Q2 2019 figures almost in line with expectations
Surge in Cloud gross margin thanks to the migration to HANA
FY19 guidance reiterated, but restructuring costs upped
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.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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