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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
SAP is the world’s leading ERP software company, with 99 of the world’s 100 largest firms using its systems. As clients transition...
— Matthew Berry
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Other investors who've written on SAP SE
SAP, Europe's largest pure-play software company, is a leading enterprise resource planning (ERP) provider in the midst of a customer migration from its legacy on-premise ERP suite, ECC, to its modernized, cloud-forward offering, HANA. SAP is mission-critical...
SAP, Europe's largest pure-play software company, is a leading enterprise resource planning (ERP) provider in the midst of a customer migration from its legacy on-premise ERP suite, ECC, to its modernized, cloud-forward offering, HANA. SAP is mission-critical...
SAP was a top contributor to performance during the quarter after reporting second quarter results that helped ease concerns surrounding potential AI-related disruption to its core software business. Current cloud backlog...
More institutional theses from Aoris International Fund
The manager presents Telstra as a cautionary tale of a monopoly-like business that became complacent due to a lack of competition. Protected by its...
IBM is analyzed as an example of how a dominant, highly protected recurring revenue stream can breed organizational complacency. Despite identifying the...
CDW's pandemic-era growth masked a structural vulnerability caused by its heavy exposure to physical hardware sales. As customer demands...