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  • Apr. 17, 2013, 9:26 AM
    Workday (WDAY) +1.7% after Wedbush's Steve Koenig starts coverage with an Outperform and $76 PT. "WDAY is a play on the potential for cloud computing to fundamentally remake the $25B [ERP software] market, just as it has disrupted the $13B [CRM software] market," Koenig writes, while adding checks indicate strong interest in cloud ERP from "enterprises saddled with expensive on-premise systems that are costly to maintain and update." NetSuite (N) is another cloud ERP vendor; SAP has the most to lose if the market takes off on a large scale. (yesterday)
    | Apr. 17, 2013, 9:26 AM | Comment!
  • Apr. 12, 2013, 4:35 PM
    SAP's Q1 results (due April 19) could be affected by the demand issues that have led to soft results/guidance from Oracle, Tibco, and Fortinet, argues Nomura's Rick Sherlund, who has been bullish on the business software giant for years. Sherlund forecasts Q1 Y/Y license revenue growth of 11%, slightly below a consensus of 12%, and thinks Hana license revenue (the recent subject of some controversy) will total €50M, below a possible consensus of €75M. But with Q1 only making up 14% of SAP's expected 2013 revenue, he sees full-year guidance likely staying intact.
    | Apr. 12, 2013, 4:35 PM | Comment!
  • Apr. 8, 2013, 7:04 PM
    Only 41% of SAP software implementations in 2012 relied on Oracle (ORCL) databases, estimates Gartner - it thinks the other 59% used Microsoft's (MSFT) SQL Server. Oracle's share is down from an estimated 65% 5 years earlier, as SAP stops promoting Oracle and SQL Server improves its feature set. Now, with SAP's Business Suite having added support for the company's Hana in-memory database, Nomura predicts Business Suite/Hana implementations will surge. The firm also sees SAP releasing a cloud service for running Business Suite apps on Hana.
    | Apr. 8, 2013, 7:04 PM | 5 Comments
  • Apr. 3, 2013, 5:04 PM
    SAP is inflating the figures it provides for its Hana in-memory database, argues Cowen's Peter Goldmacher. If SAP is taken at face value about Hana license revenue growing at ~120%/year over the last 2 years, this means all other license sales grew at just a 2% clip, "materially below category growth rates." Goldmacher's takeaway: "SAP is allocating product revenue subjectively ... resulting in an inflated HANA growth rate." SAP denies Goldmacher's assertions. In January, the company announced Hana revenue more than doubled Y/Y in Q4 to nearly €200M, and that total software revenue rose 9% to €1.94B.
    | Apr. 3, 2013, 5:04 PM | Comment!
  • Mar. 21, 2013, 11:52 AM
    SAP's (SAP -2.1%) board recommends a regular dividend of €0.85/share ($1.10/share) for FY12. SAP paid a regular dividend of €0.75/share and a special dividend of €0.35/share for FY11. The proposal translates into a yield of 1% and a payout ratio of 36%. Shares are trading lower today in sympathy with archrival Oracle.
    | Mar. 21, 2013, 11:52 AM | Comment!
  • Mar. 20, 2013, 4:44 PM
    Some enterprise IT names slump in response to Oracle's FQ3 miss, which included a surprising 2% Y/Y drop in new software license/cloud subscription revenue, and a 23% Y/Y drop in hardware product sales. InfiniBand hardware supplier Mellanox (MLNX) is the worst-hit, -7% AH. IBM -1%. HPQ -1%. EMC -1.2%. RHT -1.9%. VMW -1%. TIBX -1.2%. TDC -1%. Archrival SAP is unchanged for now.
    | Mar. 20, 2013, 4:44 PM | Comment!
  • Mar. 15, 2013, 1:53 PM
    Facebook (FB) workers love Mark Zuckerberg: the founder/CEO of the world's biggest social network has received a 99% approval rating from employees on Glassdoor; that's up from 2012's 85%. SAP co-CEOs Bill McDermott and Jim Hagemann, who have been trying to remake the software giant's culture, also come in at 99%. Other tech CEOs receiving high marks include EMC's Joe Tucci (96%), Qualcomm's (QCOM) Paul Jacobs (95%), Google's (GOOG) Larry Page (95%), and Citrix's (CTXS) Mark Templeton (95%). Tim Cook (AAPL) and Jeff Bezos (AMZN) both come in at 93%.
    | Mar. 15, 2013, 1:53 PM | 18 Comments
  • Mar. 10, 2013, 5:57 AM
    SAP (SAP) has developed a one-stop shop scouting database for the NFL that aggregates and sorts all the data which teams use to pick players. The San Francisco 49ers already deploys the software despite it still being in development. Should the product be successful in football, SAP hopes to transfer it to other sports as it looks to gain a new and potentially large revenue stream.
    | Mar. 10, 2013, 5:57 AM | 3 Comments
  • Mar. 7, 2013, 10:40 AM
    SAP (SAP +1.3%) acquires Camilion, a developer of software for building insurance products and underwriting tools, for an undisclosed sum. Camilion complements SAP's existing insurance software offerings, and the software giant argues the purchase gives it a leg up in offering an integrated platform. Property/casualty insurance software firm Guidewire (GWRE -0.9%) is off a bit.
    | Mar. 7, 2013, 10:40 AM | Comment!
  • Mar. 5, 2013, 10:32 AM
    SAP (SAP +1.8%) is ahead of schedule in reaching its 2015 sales goal of €20B ($26B), says co-CEO Jim Hagemann. He also forecasts another year of share gains for the enterprise software giant, and says SAP is eying a Shanghai exchange listing, but is in no rush. Shares are only $2 away from their 52-week high, and now trade at 23x 2013E EPS.
    | Mar. 5, 2013, 10:32 AM | Comment!
  • Feb. 25, 2013, 2:12 PM
    SAP (SAP -0.1%) strengthens its supply-chain management (SCM) hand by acquiring SmartOps, a developer of software that uses algorithms to optimize inventory, predict demand, and manage distribution networks. SAP notes SmartOps complements its existing SCM apps, and will help it develop real-time SCM analytics software powered by its Hana in-memory database. Separately, SAP is rolling out a mobile document access/management product; the company's Sybase unit is already a top developer of enterprise mobile apps.
    | Feb. 25, 2013, 2:12 PM | Comment!
  • Feb. 7, 2013, 9:47 AM
    SAP and NetApp (NTAP) draw a little closer, expanding their partnership to cover the use of SAP's white-hot Hana in-memory database and NetWeaver Landscape (manages the use of SAP apps in virtualization deployments) with NetApp storage storage systems and software. SAP has also formed Hana-related partnerships with IBM, EMC/VMware, and Cisco.
    | Feb. 7, 2013, 9:47 AM | Comment!
  • Feb. 6, 2013, 6:36 PM
    SAP (SAP) is facing a backlash from customers after announcing a price hike for standard maintenance services to an annual 19% of software license fees, up from a prior 18% - SAP's more comprehensive enterprise services costs 22%. The top-line impact of the price hike won't amount to much, but ZDNet's Larry Dignan thinks the move could pave the way for annual hikes. It was only in November that Cowen reported SAP has been offering discounts for its high-margin maintenance contracts as customers threaten to switch to cheaper cloud services.
    | Feb. 6, 2013, 6:36 PM | Comment!
  • Jan. 30, 2013, 10:57 AM
    Though VMware, EMC, and BMC Software's Q1 guidance hasn't exactly stoked enthusiasm about the IT spending environment, Gartner is forecasting global IT spending will grow a healthy 4.2% in 2013 to $3.7T, after rising just 1.2% last year. A re-accelerating China, a stabilizing Europe, and a resolution (for now) of the fiscal cliff drama are all seen lifting demand. Needham thinks growth could hit 5%. (previous)
    | Jan. 30, 2013, 10:57 AM | Comment!
  • Jan. 25, 2013, 10:44 AM
    Informatica's (INFA +10.4%) big Q4 beat (I, II) is stoking a rally in enterprise software stocks. Microsoft's decent Server & Tools performance might also be helping . Business intelligence/analytics firms are among the standouts - SPLK +2.8%. QLIK +7.2%. TIBX +3.8%. TDC +3.9%. MSTR +3.5% - but there are also others. SAP +2.6%. RHT +3.3%. N +2.4%. CTXS +1.7%. On its earnings call, Informatica noted Facebook is a buyer of its new PowerCenter Big Data Edition software, which can handle data integration projects on Hadoop clusters and many other platforms.
    | Jan. 25, 2013, 10:44 AM | Comment!
  • Jan. 23, 2013, 2:37 PM
    Some enterprise software stocks are trading higher following market-pleasing reports from IBM, SAP, and CA. IBM's earnings call tone and forecast for mid-single-digit 2013 software growth are going over well, as is SAP's (SAP +1.2%) guidance for 2013 software license/cloud subscription revenue growth of 14%-20% at constant currencies - cloud is expected to make up €750M ($998M) of this total. INFA +4.5%. CRM +2.2%. JIVE +2.5%. RHT +2.4%. CTXS +2.2%. CVLT +1.5%. VMW +1.7%.
    | Jan. 23, 2013, 2:37 PM | Comment!
Company Description
SAP SE sells licenses for software solutions and related support services. It also offers consulting, training and other services for its software solutions.
Sector: Technology
Country: Germany