SAP : Solid Q3 performance on all fronts but FY guidance only reiterated
>Q3 revenue just in line due to Fx but c. 1.5% above expectations at cc - - Total revenue: € 7.74bn, in line with expectations in reported terms but cc growth stands at 9%, slightly above expectations (Css: € 7.74bn up 7.4% cc; ODDO BHF: € 7.66bn up 7.3% cc).- Cloud subscriptions and support revenue: € 3.47bn, -2% below expectations in reported terms but cc growth stands at 23%, roughly in line with expectations (vs Css: € 3.54bn up 23.4% cc; ODDO BHF: € 3.51bn u...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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