Report
Nicolas David

SAP : Inflation exists in the Cloud too

>RISE driving growth of SaaS/PaaS - SAP reported its full results for Q4/FY 2021 yesterday morning. The figures do not contain any real surprises but we note several instructive elements concerning growth and margins.Growth of the Cloud is indeed driven by SaaS/PaaS momentum excluding Intelligent Spend, with growth reaching +33% at constant currencies in Q4 (vs +27% in Q3). This acceleration largely reflects the momentum of the RISE offering and therefore the ad...
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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