SAP : Q2 2020 results far better than expected
>Solid growth in Q2. Licence activity weaker than expected - Yesterday after close, SAP announced the key elements of its Q2 2020 results. The announced revealed a +3% increase in non-IFRS Cloud & software revenues, which beat expectations (ODDO BHF: +1%e, Vara Research consensus: -0.4%). This performance stems from the relative resilience of the licences activity, which was down -18% y-o-y, i.e. a less negative performance than in Q1 (-31%) and better than our f...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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