Oddo BHF - SAP SE (SAP.) SAP : Sapphire 2018 : Ã la (re)conquÃªte du CRM. Confiance sur les marges et le FCF

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Oddo BHF

Nicolas David

SAP : Sapphire 2018 : Ã la (re)conquÃªte du CRM. Confiance sur les marges et le FCF

>Guidance annuelles confirmÃ©es Ã cc. Moins de forex nÃ©gatifs - Lors de sa keynote et des diffÃ©rents meetings analystes, le CFO de SAP est apparu particuliÃ¨rement confiant. Si la visibilitÃ© est logiquement limitÃ©e sur les ventes de licences, le groupe bÃ©nÃ©ficie de la traction liÃ©e Ã S/4 Hana sur la partie On premise. Par ailleurs, lâ€™effort commercial prÃ©vu autour de la nouvelle offre CRM C/4 Hana (budgÃ©tÃ© dans les guidance du groupe) devrait Ã©galement aider la croissan...

08/06/2018 5 FR

Underlying

SAP SE

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ARDEUT112034 Buenos Aires Stock Exchange Germany

Provider

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.

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Analysts

Nicolas David

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SAP : Sapphire 2018 : Ã la (re)conquÃªte du CRM. Confiance sur les marges et le FCF

Vermilion Int'l Compass: Global Equity Strategy

SAP : SAP - 29 Aug 2018

SAP : SAP - 29 aout 2018

STMicroelectronics N.V. : A significant downward revision linked to automotive and the industrial correction, but could this be the trough?

Schneider Electric : CA T1 2024 un peu au-dessus des attentes, qui s’étaient ajustées à la baisse

Believe : Q1 still showing strong growth but lower than we expected

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