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SAP AG (SAP)

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  • Jan. 23, 2013, 2:51 AM
    SAP (SAP) forecasts 2013 operating profit of €5.85-5.95B vs consensus of €5.57-6.11B, depending on which analyst poll you look at. SAP predicts that revenue from software and software-related services will grow 11-13%, below Street expectations of 14%. Last week, SAP pre-released lower-than-expected Q4 earnings. (PR)
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  • Jan. 23, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ABBV, ABT, APD, ATI, BHI, CHKP, COH, DGX, FNFG, GD, LCC, MCD, MSI, NVS, PX, RES, SAP, STJ, TEL, TXT, UTX, WLP
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  • Jan. 22, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ABBV, ABT, APD, ATI, BHI, CHKP, COH, DGX, FNFG, GD, LCC, MCD, MSI, NVS, PX, RES, SAP, STJ, TEL, TXT, UTX, WLP
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  • Jan. 17, 2013, 11:35 AM
    SAP (SAP -0.8%) underperforms a bit following a downgrade to Neutral from Citi, which cites valuation and high expectations. SAP sold off on Tuesday after it pre-announced slightly soft Q4 results (I, II). Nomura (Buy) offered a mixed take on the numbers, praising Asia-Pac and Hana sales but suggesting "there may be some conflict internally over the appropriate level of investment" in cloud apps, as SAP (perhaps facing an Innovator's Dilemma) frets about the margin impact of cloud sales.
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  • Jan. 15, 2013, 12:00 PM
    With shares nearly priced to perfection following a big 6-month rally, SAP (SAP -4.3%) is selling off after pre-announcing light operating income and revenue (€5.06B vs. €5.12B consensus) for Q4. The report does note Hana revenue surged to nearly €200M from Q3's €83M, but software license growth of 9% Y/Y is a slowdown from Q3's 17%. Cloud subscription/support revenue nearly doubled Q/Q to €159M, but is still just 3% of total sales. EMEA software sales +8%, Americas +3%, Asia-Pac +23%. Oracle recently claimed it took share from SAP in Europe.
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  • Jan. 15, 2013, 9:10 AM
    Premarket gainers: EXPR +14%. QLGC +8%. SNTS +8%. RSH +6%.
    Losers: COOL -32%. GIVN -14%. BODY -12%. LULU -6%. TELK -6%. SAP -5%
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  • Jan. 15, 2013, 8:39 AM
    SAP dives 5.2% in Frankfurt after announcing Q4 operating profit of €1.96B, short of expectations for €2B. The move is dragging down the DAX, which is now off 1%EWG -1.4% premarket. (PR)
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  • Jan. 10, 2013, 4:03 PM
    SAP (SAP +2.9%) closes higher after announcing its core Business Suite ERP, CRM, and HR apps will now be supported by its popular Hana in-memory database. This significantly expands the addressable market for Hana, whose ability to enable real-time analytics and reporting for other SAP apps has already fueled blistering growth. Bernstein has predicted Hana support will also be extended to non-SAP apps. Oracle (ORCL) is trying to counter Hana via its costly Exadata X3 system. (more)
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  • Jan. 6, 2013, 4:51 AM
    SAP (SAP) reckons it has 1M potential new customers in China, five times the number of clients the company has globally, co-CEO Jim Snabe says. Snabe hopes to open the market up by obtaining a deal with authorities this year to permit cloud computing services. "China will be as important for us as the United States," Snabe says. (previous)
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  • Dec. 18, 2012, 5:21 PM
    Oracle (ORCL) guides on its FQ2 call (webcast) for FQ3 revenue growth of 1%-5% Y/Y and EPS of $0.64-$0.68, in-line with a consensus for 4.3% growth and $0.66. New software license/cloud subscription growth is expected to be anywhere from 3%-13%, and hardware product sales flat to -10% (a decent improvement, though easier comps help). Engineered systems unit bookings rose 70% Q/Q, and Larry Ellison claims share was gained against SAP in Europe. Shares +1.8% AH. (FQ2 results: I, II)
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  • Dec. 5, 2012, 5:38 PM
    Citrix (CTXS) is making a push into enterprise mobile device management (MDM) software by acquiring Zenprise, one of the market's early leaders. Citrix touts Zenprise's ability to complement Citrix's mobile-oriented products, such as GoToMeeting, Podio, and ShareFile, and in doing so create an end-to-end suite for managing devices, apps, and data. SAP's Sybase unit is also a key player in MDM software, as is Symantec. Look for VMware (VMW) to buy an MDM firm to complement its Horizon Suite, which competes with various Citrix products.
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  • Dec. 4, 2012, 5:01 PM
    Tibco (TIBX) -14.7% AH after warning it expects to report FQ4 (ended Nov. 30) revenue of $292M-$295M and EPS of $0.37-$0.38, below a consensus of $316M and $0.44. Tibco blames a mix of soft government spending, Sandy-related deal delays, and poor execution in its infrastructure (i.e. middleware) business, particularly in the Americas. The FQ4 report arrives on Dec. 20. It could be a rough day for enterprise software stocks tomorrow: QLIK -3.7%. PRGS -1.4%. RHT -2.3%. INFA -1.1%. CTXS -1%. ORCL -0.9%. SAP -0.8%.
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  • Nov. 30, 2012, 11:28 AM
    SAP chairman/co-founder Hasso Plattner has sold €120M ($155.7M) worth of shares to a bank, which in turn will sell the shares at its own discretion. SAP shares have had a good run in 2012, fueled by solid software license growth and big expectations for its Hana in-memory database. They now trade at 21.7x estimated 2013 EPS.
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  • Nov. 29, 2012, 3:35 PM
    More on Amazon: The company is launching more services as its AWS re: Invent conference winds down. Among them: an EC2 cloud computing instance meant for in-memory databases such as SAP's Hana (previous), an EC2 instance meant for heavy-duty storage needs, and Data Pipeline, which helps developers relying on AWS create and manage data flows between various data sources. (Redshift) (networking partnerships)
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  • Nov. 23, 2012, 5:44 AM
    SAP (SAP) is considering listing in Shanghai in a move that would give the software giant the option of raising money in one of its fastest-growing markets. SAP's software sales in China jumped 40% in Q3 and the company has a mid-term sales goal of €1B in the country. It plans to invest $2B in China by 2015.
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  • Nov. 20, 2012, 12:38 PM
    Is competition forcing SAP to lower its maintenance contract pricing? Cowen's Peter Goldmacher reports SAP has been offering big discounts for the high-margin contracts to clients looking to cut IT spending and "evaluating lower cost alternatives." Cloud vendors have long pitched the ability to avoid giant maintenance contracts as a selling point for their software. Their apps have already taken a decent chunk of the CRM and HR software markets, and (in some areas) are beginning to make inroads in SAP's core ERP software market.
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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