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Growth in Technology Sector with Profitable Cloud Subscriptions, Software Blades and Solutions - Research Report on SAP AG,

  Growth in Technology Sector with Profitable Cloud Subscriptions, Software
Blades and Solutions - Research Report on SAP AG, Check Point, Intuit, Cadence
                           and Manhattan Associates

Editor Note: For more information about this release, please scroll to bottom

PR Newswire

NEW YORK, July 23, 2013

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]

--

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]

--

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]

--

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]

--

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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