SAP : SAP dampens expectations for 2021 and 2022 due to COVID…and the Cloud
>Mixed Q3 2020 results, disrupted by the second wave of COVID-19 - SAP reported a mixed set of Q3 results, with sales of € 6.54bn, -5% below expectations due to a more negative forex impact and a weaker performance at cc both at the level i/ of the Cloud: +14% y-o-y vs ODDO BHF: +22% at cc. The difference mainly comes from the Intelligent Spend segment (Concur, Ariba and Fieldglass) down by 3% at cc. Stripping out Intelligent Spend, growth was 26% at cc; ii/ new licen...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.