SAP : Better Q3 results thanks to forex. In line at cc and weak FCF. FY 2022 FCF guidance adjusted down
>Q3 revenue 3% above Css thanks to better forex. In line at cc - - Total revenue: € 7.84bn, up +5.0% at cc, +3% above expectations (Css: € 7.62bn up 4.8%; ODDO BHF: € 7.57bn up 4.6% y-o-y at cc).- Cloud subscriptions and support revenue: € 3.29bn up +25% y-o-y at cc, above expectations in reported terms and at cc (vs Css: € 3.19bn up 24.3% at cc; ODDO BHF: € 3.13bn up 22.6% y-o-y at cc) and implying an acceleration vs previous quarter (Q2 2022 at 24.1% y-o-y cc)....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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