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FINANCIAL PERFORMANCE

 

SAP takes pride with 2022 Q2 financials, especially with the cloud revenue, which is newly the most profitable field in the firm’s portfolio. As shown in company’s results below, Cloud revenue skyrocketed, which refers great performance by far. “As our Q2 results demonstrate, SAP’s portfolio is more relevant than ever. Our transition to the cloud is ahead of schedule. Our pipeline is strong, and we are winning market share. ”Claims Christian Klein, CEO of SAP SE. Nonetheless, we can see immense Earnings per Share drop.

Snímek obrazovky 2022-10-21 v 10.51.10

 

TECHNICALS — SAP CONTINUES TO DROP

 

At first sight, you might think you are looking at some weird mountain range, instead of a price chart. SAP definitely took advantage on Covid-19 — as the price rose almost unbelievably — with companies having sought automation due pandemics. But, as you can see, easy come, easy go.

 

From the technical point of view, SAP’s price chart does not look alluring, so far. However, if you consider all pros and cons, and take a look at the chart again, you may spot great investment opportunity, as the price is dropping for nearly half a year. Therefore, there is a good probability, that the price may go up in the following months. [1]

Snímek obrazovky 2022-10-21 v 10.51.41

Performance of SAP SE stock over 5 years. Source: tradingview.com

 

THE BACKGROUND

 

This analysis was about German multinational software company - SAP. The initialism stands for System Analysis Program Development (translated). For instance, SAP redefined enterprise resource planning (ERP) and is a world’s top vendor of this software. Besides that, SAP operates in business software, cloud computing and consulting industry.

 

The firm is the second largest European tech company by market capitalization, according to the Begin Capital Markets, and also the largest German company by market capitalization. Volkswagen is third, for your imagination. The company itself has a long-track history, as it celebrated 50 years anniversary this year. And on top of that, SAP has made 75 acquisitions since 1991.

 

[1] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.

Go back

The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.

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