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MarketScreener Homepage  >  Equities  >  Xetra  >  SAP AG    SAP   DE0007164600

SAP AG

(SAP)
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SAP : Software AG lowers guidance for middleware division

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07/19/2019 | 01:49am EDT

FRANKFURT (Reuters) - Software lowered the outlook for its integration software division as it reported a 9% drop in second-quarter operating profit, sending its shares down by 5% in pre-market trading on Friday.

Germany's second-biggest listed tech company behind SAP said it now expected revenues at its Digital Business Platform (DBP) unit to decline by up to 6% this year, down from an earlier forecast of growth of 3%-7%.

DBP revenues underperformed in the quarter as the division reorganised its U.S. sales force, Software AG said in a statement released overnight. All other guidance was unchanged.

Software AG, under new management led by CEO Sanjay Brahmawar, is seeking to capitalise the accelerating boom in connected devices and sensors, and here its new Cloud & Internet division achieved growth of 144%, ahead of expectations.

(Reporting by Douglas Busvine; Editing by Thomas Seythal)

Stocks mentioned in the article
ChangeLast1st jan.
SAP AG 1.48% 107.3 Delayed Quote.23.43%
SOFTWARE 3.13% 24.4 Delayed Quote.-22.76%
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Financials (EUR)
Sales 2019 27 441 M
EBIT 2019 8 101 M
Net income 2019 3 343 M
Debt 2019 9 342 M
Yield 2019 1,40%
P/E ratio 2019 37,1x
P/E ratio 2020 25,4x
EV / Sales2019 5,00x
EV / Sales2020 4,55x
Capitalization 128 B
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 128,50  €
Last Close Price 107,20  €
Spread / Highest target 42,7%
Spread / Average Target 19,9%
Spread / Lowest Target -18,8%
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Managers
NameTitle
William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein Chief Operating Officer
Luka Mucic Chief Financial Officer
Juergen Mueller Head-Innovation & Technology
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