SAP Q2'14 Preview: Cloud Revenues and Operating Margins in Focus
SAP SE is scheduled to report its Q2’14 results Thursday, July 17. The company has a well diversified software product portfolio and its flagship Enterprise Resource Planning software suites comprise almost 30% of our $96 valuation. Non-IFRS revenues last quarter (Q1’14) stood at approximately $3.9 billion, 6% ahead of revenues from Q1’13 on a constant currency basis.
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