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Fri, Jan. 22, 3:40 AM
- SAP (NYSE:SAP) has raised its 2017 outlook for revenue and profit to the upper end of expectations, highlighting its progress in turning itself from a packaged software firm into a cloud supplier.
- Sales are now expected to be in a range of €23B-€23.5B, and operating profit adjusted for some items will to be between €6.7B-€7B.
- Last week, SAP pre-announced better-than-expected 2015 results, fueled by strong year-end renewals of existing software license customers.
- Previously: SAP AG beats by €0.01, beats on revenue (Jan. 22 2016)
Fri, Jan. 22, 3:03 AM
Mon, Jan. 11, 7:39 PM
- SAP reports preliminary Q4 revenue of €6.35B ($6.89B), +16% Y/Y (+11% in constant currency) and above a €6.04B consensus. Op. profit rose 7% Y/Y to €2.28B ($2.48B), slightly above a €2.26B consensus. (Press Release)
- Cloud subscription/support revenue rose 76% Y/Y (60% exc. forex) to €630M, traditional software license revenue 15% (11% exc. forex) to €2.15B, and traditional software support revenue 11% (6% exc. forex) to €2.6B. The traditional software performance is much better than archrival Oracle's.
- Customer count for the S/4HANA business app suite (runs on top of the Hana in-memory database) more than doubled Q/Q to 2,700+. New cloud bookings rose 75% Y/Y to €350M. "SAP gained significant share against core and best of breed competitors," asserts CEO Bill McDermott.
- SAP is guiding for total 2016 cloud/software revenue to rise 6%-8% Y/Y in constant currency from a 2015 level of €17.23B. Cloud subscription/support revenue is expected to grow to €2.95B-€3.05B in constant currency from 2015's €2.3B, and op. profit to €6.4B-€6.7B from 2015's €6.35B.
- SAP +0.7% after hours to $79.10. More detailed Q4 results arrive on Jan. 22.
Mon, Jan. 11, 6:39 PM
- SAP (NYSE:SAP) and Accenture (NYSE:ACN) are working together on development and go-to-market activities for Business Suite 4 SAP HANA (S/4HANA), business apps built to run on top of SAP's Hana in-memory database.
- Accenture is working to help deploy S/4HANA for specific applications, like for financial firms.
- Accenture Chief Technology Officer Paul Daugherty: "Accenture developers and industry experts are now working side by side with SAP, providing us with unique input, insight and development opportunities with SAP S/4HANA."
Nov. 27, 2015, 2:39 PM
Oct. 20, 2015, 4:45 AM
- SAP AG (NYSE:SAP): Q3 EPS of €0.98 beats by €0.06.
- Revenue of €4.99B (+17.1% Y/Y)
Oct. 13, 2015, 9:16 AM
Oct. 13, 2015, 4:54 AM
- SAP (NYSE:SAP) +6% premarket after reporting a 19% rise in Q3 operating profit (€1.62B), beating the most optimistic analyst estimates.
- The results show yet another sign the German software maker is managing an industry-wide shift to cloud-computing programs without sacrificing margins.
- SAP also said it would stick to its outlook for full year non-IFRS operating profit of €5.6B-€5.9B, representing 0-5% growth from €5.6B in 2014.
Oct. 5, 2015, 6:30 PM
- SAP is working on an analytics software product (codenamed Project Orca) that aims to profit from a fast-growing market for analytics tools that can be used by non-technical corporate workers to parse and visualize data.
- SAP's BusinessObjects unit is already a major player in the traditional business intelligence (BI) software market, and its Hana in-memory database is frequently used for analytics workloads. Orca appears to more directly take on a new wave of BI/visualization tools meant to replace Excel as the data analysis tool of choice for non-IT workers.
- Other firms going after the market include Tableau, Qlik, Microsoft, and Salesforce. Meanwhile, the WSJ just reported Amazon is set to launch a cloud-based offering. SAP suggests its product will be differentiated by an ability to spot trends by linking data (with the help of SAP's business apps?) obtained from many disparate sources.
- Last month: SAP launches new Hana software, targets open-source big data projects
Sep. 16, 2015, 6:58 PM
- SAP states a July accident suffered by CEO Bill McDermott while visiting relatives in the U.S. has resulted in McDermott losing his left eye. However, McDermott plans to remain CEO, and will return to Germany in October.
- SAP had previously disclosed McDermott's injury, but not its severity. A company representative says today McDermott nearly bled to death after falling down a flight of stairs while carrying a water glass at night. Germany's Wirtschafts Woche reported on his injuries earlier today.
- McDermott became SAP's sole CEO in 2014, and was its co-CEO for 4 years prior to that.
Sep. 10, 2015, 12:29 PM
- "The current environment is not changing from what I have seen in the first half of the year ... we have confirmed guidance and we are in the position to meet our targets for the year," says SAP (SAP +1.5%) CFO Luka Mucic.
- The enterprise software giant forecast in July software license/support and cloud subscription/support revenue will rise 8%-10% in 2015 in constant currency, and that op. profit will be in a €5.6B-€5.9B ($6.3B-$6.6B) range. A strong euro has been expected to boost 2015 op. profit by 7%-10%.
Sep. 1, 2015, 7:24 PM
- SAP has launched Hana Vora, a query engine product that leverages the increasingly popular Apache Spark framework, and which integrates with SAP's Hana in-memory database.
- Like Hana, Spark is used to analyze large datasets in-memory. However, while Hana is used to analyze structured database entries (such as those produced by SAP's ERP software), Spark is often used to handle unstructured and semi-structured data, including content stored via the Hadoop big data framework. Both Spark and Hadoop are open-source.
- Though some overlap exists, SAP insists Hana and Spark are complementary. The company argues Vora's querying tools and Hana integration enable richer analytics for Spark, thereby making it valuable for applications (fraud detection, network traffic analysis, etc.) where understanding business process context for giant datasets is important.
Jul. 21, 2015, 3:30 AM
- Citing acquisition-related charges, restructuring expenses and higher stock-based compensation outlays, SAP (NYSE:SAP) posted a 15% decline in Q2 net profit of €471M vs. €557M in the same period a year earlier.
- SAP has struggled with shrinking profits in recent quarters, as CEO Bill McDermott looks to shift the company's focus toward cloud based offerings.
- The company also reiterated its guidance for 2015, saying it expects a non-IFRS operating profit of between €5.6B-€5.9B and full year non-IFRS revenue for cloud subscriptions of €1.95B-€2.05B.
Jul. 20, 2015, 5:30 PM
Jul. 10, 2015, 11:14 AM
- The Euro Stoxx 50 index is up 2.8% after Greece submitted a bailout proposal that met a number of the demands set by creditors for austerity measures and legal reforms. The Nasdaq is up 1.3%, and the S&P 500 1.1%.
- In addition to Nokia and Alcatel-Lucent (previously covered), major European tech gainers include SAP (SAP +3.7%), Ericsson (ERIC +3.6%), ASML (ASML +4%), and STMicroelectronics (STM +4.7%).
- Some SAP news: 1) CEO Bill McDermott has been discharged from a hospital after suffering an accident at his relatives' home. 2) A U.S. federal appeals court has upheld the cancellation of a patent owned by private Versata that led to a $391M infringement ruling against SAP.
- ASML reports on July 15, Ericsson on July 17, SAP on July 21, and STMicro on July 23.
Jul. 6, 2015, 2:42 PM
- Nokia (NOK -3.6%), Alcatel-Lucent (ALU -2.9%), Ericsson (ERIC -2.6%), and SAP (SAP -2.6%) are selling off after European markets dropped in the wake of a Greek rejection of austerity measures demanded by creditors. France's CAC-40 fell 1.8%, Germany's DAX fell 1.5%, and the Euro Stoxx 50 fell 2.2%. The Nasdaq and S&P are both down 0.8%. The euro is down 0.5% against the dollar.
- Something similar happened to Nokia and Alcatel a week ago. The merger partners are respectively down 11% and 10% from their June 22 closes.
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