SAP : Reassuring Q3 2019 results but CEO’s surprise departure raises questions
>SAP reassures with growth at cc in line with expectations… - SAP announced on the evening of Thursday, 10 October, its Q3 2019 results, in addition to the surprise announcement that its CEO is stepping down. Q3 2019 sales came in at € 6.81bn, up 13% y-o-y and 1.5% ahead of the consensus forecasts (€ 6.7bn) and our estimates (€ 6.75bn). Growth at constant currency stood at 10% (i.e. c. 8% organic), in line with our expectations, at all levels: Licences were down -4% c...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.