SAP : Strong Q3 earnings at all levels. FY 2024 guidance logically upgraded
>Strong top-line growth driven both by better Cloud and on-premise revenue at cc - SAP released its Q3 2024 earnings yesterday evening. At first glance, sales look just in line, at € 8.47bn (VA cons.: € 8.44bn) due to higher-than-expected negative forex and lower Services revenues. But Cloud & Software revenue growth at cc reached a record level of 12% cc (css: 10.5% cc) driven both by a higher Cloud growth (+27% cc or +26% cc excl. Walkme) accelerating vs previous q...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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