Having released its Q3 preliminary results two weeks ago, SAP today provided further details with its final Q3 release. The margin development was good in both cloud and software licences. The new partnership with Microsoft is good news as it will accelerate and simplify the migration to S/4HANA. SAP confirmed its 2019 outlook as well as its medium-term ambitions. SAP’s equity story, however, does not change, and therefore we stick to our Reduce recommendation.
21 Oct 2019
Equity story remains unchanged, though Q3 margin improved
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Equity story remains unchanged, though Q3 margin improved
SAP SE (SAP:WBO) | 0 0 0.2% | Mkt Cap: 103,244m
- Published:
21 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
Having released its Q3 preliminary results two weeks ago, SAP today provided further details with its final Q3 release. The margin development was good in both cloud and software licences. The new partnership with Microsoft is good news as it will accelerate and simplify the migration to S/4HANA. SAP confirmed its 2019 outlook as well as its medium-term ambitions. SAP’s equity story, however, does not change, and therefore we stick to our Reduce recommendation.