SAP : Q4 earnings roughly in line at cc despite weaker Cloud growth. Solid FY 2023 revenue and operating profit guidance at cc but weak FCF
>Q4 revenue -1% below the consensus mainly due to less favourable forex. In line at cc - Cloud subscriptions and support revenue: € 3.39bn was up 22.0% y-o-y at cc, 2.6% below expectations on a reported basis and 2 pts below expectations at cc (consensus: € 3.48bn up 23.8% at cc; ODDO BHF: € 3.50bn up 22.6% y/y at cc) and implying a significant deceleration vs the previous quarter (Q3 2022 at 25.0% y-o-y cc). Current Cloud backlog was up 24% y-o-y cc (ODDO BHF: 27.1% ...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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