Report
Gregory Ramirez

SAP: Accelerating transition to the cloud, at a faster pace than expected | BUY vs. BUY TOP PICKS | Under Review

SAP - BUY vs. BUY TOP PICKS | Under Review
Accelerating transition to the cloud, at a faster pace than expected

We remove our Top Pick status to SAP
FY20 guidance is reduced primarily due to Concur
Ambitions for 2025 reflect accelerated move to the cloud
Underlying
SAP SE

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.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Gregory Ramirez

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