SAP : Strong Q2 earnings at almost all levels but no FY 2024 guidance upgrade
>Q2 revenue in line but strong and reassuring CCB in the current context - SAP released its Q2 2024 earnings yesterday evening. Sales were just in line, at € 8.29bn up 9.8% cc (VA cons.: € 8.26bn up 9.7% cc) with Cloud & software growth of 10.4% cc marginally below expectations (10.7% cc) offset by better growth at the services activity. Cloud growth was roughly in line at 25.2% cc (VA cons.: 25.4%), still penalised by the weak performance from transactional revenues,...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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