Report
Nicolas David

SAP : Commitments difficult to keep for 2023

>On track for a resilient top line but no miracles should be expected - SAP’s activity should prove somewhat resilient, thanks to the reduced proportion of licences in the mix. Nonetheless, the increasingly uncertain macroeconomic context is expected to have a stronger impact on licences, maintenance is set to automatically see an accelerated decline despite the price hikes, and the Cloud is unlikely to be completely immune to the slowdown. As such, we forecast o...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch