SAP at the head of the Dax thanks to its good quarterly performance

(AOF) - SAP (+4.6% at 122.30 euros) again raised its 2021 objectives, but unlike last July raising, the German technological group is also more optimistic for the Cloud.It targets a operating profit adjusted between 8.1 and 8.3 billion euros, at worst stable and at best increased by 2% at constant exchange rates.It was previously anticipated between 7.95 and 8.25 billion euros, at worst in decline of 4% and at best stable at constant exchange rates.

Total turnover is now anticipated between 23.8 and 24.2 billion euros, up 2% to 4% at constant exchange rates.It was previously anticipated between 23.6 and 24 billion euros, up 2% to 3% at constant exchange rates.

Cloud income is expected in the range from 9.4 to 9.6 billion euros, up 16% to 19% at constant exchange rate.He was previously expected in the range from 9.3 to 9.5 billion euros, up 15% to 18% at constant exchange rates.It was the only element of his perspectives that he had not raised this summer.

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The publisher of professional software can afford to be more optimistic after having exceeded expectations in the third quarter.He gave a operating profit adjusted up 2% to 2.10 billion euros, exceeding consensus amounting to 1.987 billion euros.Excluding foreign exchange, it also increased by 2%.The margin fell from 0.7 points to 30.7% at constant exchange rates while the market was targeting 29.7%.

Income increased by 5% to 6.84 billion euros when they were expected to 6.698 billion euros.They also increased by 5% excluding foreign exchange impacts.In the cloud, its activity increased by 20% (+20% at constant exchange rates) to 2.39 billion euros while the market was targeting 2.358 billion.It accelerated compared to the second quarter.Cloud backlog is up 24% (+22% at constant exchange rates) at 8.17 billion euros.Its growth has also accelerated compared to the previous quarter.

Software license income has recently fell from 8% to 660 million euros.They are also withdrawn from 8% at constant exchange rates.The market was more pessimistic and aimed at 583 million euros.