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SAP Q2 Headlines; Slight Positive On In Line Results With Small Guidance Upgrade

TECHNOLOGY

Rating: A1/A+

  • “*SAP 2Q NON-IFRS REV. EU8.29B, EST. EU8.26B
  • *SAP 2Q NON-IFRS CLOUD/SOFTWARE REV. EU7.18B, EST. EU7.19B
  • *SAP HAD EXPECTED NON-IFRS OPERATING PROFIT OF ~€10B BY 2025
  • *SAP NOW EXPECTS NON-IFRS OPERATING PROFIT OF ~€10.2B BY 2025
  • *SAP `CONFIDENT' ON ACCELERATING TOPLINE GROWTH THROUGH 2027
  • *SAP ADRS EXTEND GAIN TO 5.3% IN US POSTMARKET TRADING” - BBG

  • “SAP: SAP 2024 financial outlook reiterated” - FLY

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