SAP : Preliminary Q4 2021 earnings: Cloud growth is accelerating but profitability deteriorates further
>Q4 earnings beat estimates thanks to Cloud and forex - SAP reported yesterday evening preliminary Q4 results, slightly above expectations and mainly driven by a faster Cloud acceleration and more favorable forex.Revenue stands at € 7.98bn up 6% y-o-y on a reported basis and up +3% at cc. This figure is 2% above our expectations (2.5% above the consensus) in reported terms but 1% above at cc. The outperformance comes mainly from Cloud revenues which stand at € 2....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.
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