Growth in Technology Sector with Profitable Cloud Subscriptions, Software Blades and Solutions - Research Report on SAP AG, Check Point, Intuit, Cadence and Manhattan Associates
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NEW YORK, July 23, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting SAP AG (NYSE: SAP), Check Point Software Technologies Ltd. (NASDAQ: CHKP), Intuit Inc. (NASDAQ: INTU), Cadence Design Systems Inc. (NASDAQ: CDNS) and Manhattan Associates, Inc. (NASDAQ: MANH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
SAP AG Research Report
On July 18, 2013, SAP AG (SAP) announced its Q2 2013 financial results. The Company reported a 10% YoY growth (at constant currencies) in its Non-IFRS Software and Software-related service revenue to €3.3 Billion. Non-IFRS Software and Cloud Subscription revenue increased 7% YoY (at constant currencies) to €1.2 Billion "SAP had a solid overall performance in the second quarter. We remained focused on operating discipline, resulting in double-digit growth in non-IFRS operating profit at constant currencies. We improved the profitability of our core business and see good traction in the cloud on our way towards building a profitable cloud business", said Werner Brandt, Chief Financial Officer of SAP. "We reaffirm our full year 2013 Non-IFRS operating profit outlook and remain committed to double-digit topline growth despite a difficult macroeconomic environment, in particular in Asia Pacific Japan and the rapid transition to the cloud." The Full Research Report on SAP AG - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/19b8_SAP]
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Check Point Software Technologies Ltd. Research Report
On July 18, 2013, Check Point Software Technologies Ltd. (Checkpoint) announced its Q2 2013 financial results. The Company reported total revenue of $340.2 million, an increase compared to $328.6 million in Q2 2012. Non-GAAP operating income totaled $197.9 million, representing an increase of 2.2% YoY and 58% of Q2 2013 revenues. The Company's Non-GAAP EPS was $0.83, compared to $0.77 in Q2 2012. Cash Flow from operations was $204.7 million, an increase of 30% YoY. "We are pleased with our second quarter results, which were highlighted by excellent sequential growth in our product sales. Top performers were the North American region and our new data center appliances," said Gil Shwed, Founder, Chairman, and Chief Executive Officer of Check Point Software Technologies. "Our software blades continued to deliver double-digit growth year over year, with threat prevention and application control technologies driving share gains." The Full Research Report on Check Point Software Technologies Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4728_CHKP]
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Intuit Inc. Research Report
On July 16, 2013, Intuit Inc. (Intuit) announced that it has selected Wieden+Kennedy as its new advertising agency of record for its flagship TurboTax products. Intuit said that from August 1, 2013, the agency will be responsible for providing creative and media planning services for TurboTax in the United States. Greg Johnson, Vice President of Marketing for TurboTax stated, "The Wieden+Kennedy team understands that TurboTax is central to the financial lives of millions of Americans. They share our belief that TurboTax exists to empower people to do their taxes and get their biggest refund. With their long history of developing great work that transforms brands, we are thrilled about the prospects for this partnership." The Full Research Report on Intuit Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e50c_INTU]
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Cadence Design Systems Inc. Research Report
On July 17, 2013, Cadence Design Systems, Inc. (Cadence) announced that by using its Incisive Enterprise Simulator and the Incisive Enterprise Manager, which are a part of the Cadence System Development Suite, Fujitsu Semiconductor Limited has reduced its regression verification time by 3X for a system-on-chip (SoC) design. "Innovative SoC verification combines tools, methodology and know-how," said Dr. Chi-Ping Hsu, Senior Vice President, Silicon Realization Group at Cadence. "Cadence Incisive tools and methodologies help our customers improve efficiency. We deliver those tools with the most talented R&D and field engineering teams in the world who are committed to customer success." The Full Research Report on Cadence Design Systems Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0909_CDNS]
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Manhattan Associates, Inc. Research Report
On July 9, 2013, Manhattan Associates, Inc. (Manhattan Associates) announced that its Enterprise Order Management and Store Order Fulfillment solutions has been selected by Lilly Pulitzer to aid in creating a seamless customer experience by supporting its omni-channel retail capabilities. According to Manhattan Associates, its solutions will enable the company, a subsidiary of Oxford Industries, to build on brand loyalty by improving the shopping experience for their customers across channels, create a single view of customer transactions and inventory, and allow Lilly Pulitzer shoppers to control how and when they take delivery of the brand's celebrated products. "We are honored to be a partner of the venerable Lilly Pulitzer brand. Their selection of our products and teams to help execute their vision of the customer experience is a validation of our long-standing investments and successes in omni-channel enablement," said Eddie Capel, President and Chief Executive Officer, Manhattan Associates. The Full Research Report on Manhattan Associates, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/bb25_MANH]
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