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SAP May Move After Oracle Misses 3Q Sales, Profit Estimates 2014-03-19 07:22:51.293 GMT
By Claudia Rach March 19 (Bloomberg) -- Shares traded down in U.S. after- hours market. * NOTE: Oracle 3Q adj. EPS, rev. miss; sees 4Q rev. growth inline with ests. * Goldmann: Sees neutral read-across to SAP from Oracle’s 3Q results which demonstrated continued stable IT spending trends * Baader: Oracle’s 3Q results missed expectations in terms of of new software license and cloud software subscriptions growth, it underlines why SAP announced stronger move in the cloud * Says SAP current share price provides interesting entry point on the way to higher share of recurring rev. * NOTE: SAP down 10% YTD vs DAX down 3.2% vs SX8P down 2.5% * NOTE: 47 analyst ratings 60% buy, 28% hold, 13% sell; avg PT EU65: Bloomberg data
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To contact the reporter on this story: Claudia Rach in Berlin at +49-30-70010-6219 or crach1@bloomberg.net To contact the editors responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net Tim Barwell