Seeking Alpha

SAP -3% following a Q1 revenue miss highlighted by by a drop in software license growth to 5%...

SAP -3% following a Q1 revenue miss highlighted by by a drop in software license growth to 5% Y/Y from Q4's 9%. Likewise, high-margin support revenue grew 8%, down from Q4's 12%. On the bright side, Hana sales (a part of license revenue) rose 3x to €86M, and cloud subscription/support sales (boosted by acquisitions) rose to €167M from a mere €35M a year ago, with backlog up to €800M. Consulting revenue -7%. Asia-Pac license/cloud subscription sales declined Y/Y, with SAP hinting China/Japan were responsible. The report follows weak software numbers from Oracle, Red Hat, and IBM.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|