Report
Nicolas David

SAP : SAP and the two faces of the cloud

>Definitive accounts confirm quality of Q1 results - SAP reported its definitive Q1 2021 results this morning. In detail, these figures confirm the good quality of its preliminary results and of its commercial momentum:- Qualtrics posted a sharp improvement in its growth in Q1 2021 (+45% of cloud revenues vs 36% y-o-y in Q4 2020), which also earned it a gain of 23% last night in the US market. - Growth in maintenance (flat on cc) was affected by the weak sho...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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