SAP : Q1 earnings slightly above in org terms. FY 2023 revenue and operating profit guidance reiterated org.
>Revenue growth at cc of 9%, above our expectations (7.6% cc) thanks to licenses - SAP just posted this morning its Q1 earnings. As a reminder, Qualtrics is already classified as an asset held for sale. This makes the reading of the consensus figures difficult given that it partially includes Qualtrics. Also, the consensus was strangely low regarding Cloud and On-premise support revenue growth at cc.Q1 revenue growth stands at +9% cc, above expectations (ODDO BHF...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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