Report
Nicolas David

SAP : Une meilleure résilience des marges qu’il n’y paraît et une bonne visibilité

>Bonne tenue du Cloud qui offre de la visibilité avec la maintenance - SAP a publié hier matin ses résultats T1 2020 définitifs, confirmant les résultats préliminaires publiés le 9 avril dernier, avec notamment un CA en hausse de +5% à cc (+4% org).En termes de topline, l’une des bonnes surprises du T1 provient du Cloud (+25% à cc) et notamment des activités transactionnelles, qui ont finalement été peu impactées par le COVID-19. Ariba et Fieldglass ont été soute...
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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