SAP : SAP is adequately navigating the more challenging environment
>Results broadly in line at cc. Support from forex - SAP’s Q3 2022 results were broadly in line with forecasts at cc: growth at +5% cc (consensus +4.8%), with slightly more momentum from the Cloud (+25% cc, i.e. 24% organic vs consensus +24%) and licences a little weaker (-42% cc vs consensus -37%). The current cloud backlog was up +26% cc (ODDO BHF +27%), driven by S/4 Hana, Signavio, the business technology platform and Qualtrics. Operating profit was down -8% at cc...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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