SAP : Towards a solid Q2 and a possible upward revision to FY 2024 guidance for the topline
>Towards a solid Q2 but watch out for any signs of caution from clients - SAP is due to publish Q2 2024 results on 22 July after market close. The group is expected to post another solid performance on the topline, thanks to the momentum linked to the transition of the installed base to S/4 Hana Cloud, and this whilst price increases limit the decline in Support revenue on the on-premise base. As such, we forecast Q2 revenue of € 8.22bn, up 9.4% cc. The difference wit...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.