SAP : Q2 2021 results: frustrating earnings release. No catalysts in sight
>Q2 results slightly better than expected - Q2 sales came in at € 6.67bn, up +3% cc, in line with consensus expectations. Cloud revenues accelerated as expected, at +17% (vs +13% in Q1), driven both by good momentum from S/4 Cloud and the start of a recovery from Intelligent Spend (+7% org vs -2% in Q1). Licences saw negative growth of -13% on cc, in line with our expectations but 5pts ahead of the consensus. This is an interesting but immaterial indicator to beat exp...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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