SAP : On course for solid growth in Q2 but already largely priced in
>Resilience of recurrent revenues to underpin growth in Q2 - SAP is due to report its Q2 2023 results on July 20. In a new development, the release (like the upcoming ones no doubt) will be after trading, with a conference call at 7pm CET, the aim being to address US investors more effectively.We see a solid performance from SAP, with revenues of € 7.546bn up +6.8% y-o-y cc (css: € 7.583bn up +6.9% cc). While licence revenues are set to return to their rate of d...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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