With the Q1 figures from the US software and hardware manufacturer Oracle, the focus is increasingly on the transformation to the cloud. And of course, the focus is also on rival SAP (WKN: 716460) in this regard.
SAP is Germany’s software powerhouse. However, the cloud area cannot be explained without Amazon, Microsoft and Oracle. At Oracle, the two new cloud services IaaS and SaaS account for 25% of total sales with an annual run rate of US $ 10 billion.
Oracle disappoints easily
About the story: Oracle, the rival from Austin in Texas, increased sales and profits in Q1 2022, but could not meet the analysts’ expectations with only slightly increased sales to US $ 9.7 billion. This in turn triggered concerns among US retailers about a loss of market share in the cloud storage market, which is dominated by Amazon Web Services and Microsoft Azure.
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The numbers also depressed the mood overseas, because the data cloud is also a transforming topic at SAP. SAP sells licenses. This license income is gradually breaking away (-30% since 2019), which is due to the fact that customers are migrating to cloud services. This is a development that is making SAP increasingly dependent on the cloud.
Congratulations, Mr. Plattner!
The SAP share weakened slightly on Wednesday, the price fell to below € 122. In doing so, however, she corrects at a high level. At this point it should be mentioned that Hasso Plattner – with Dietmar Hopp probably the best-known SAP veteran – increased his participation in SAP a year ago. With which he undoubtedly confirmed many other shareholders in their commitment. We also took this as an opportunity to draw attention to the discounted level.
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