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SAP SE, a German multinational software giant, is headquartered in Walldorf, Baden-Württemberg. Founded in 1972 by former IBM employees, SAP SE revolutionizes enterprise software, specializing in enterprise resource planning (ERP) solutions that streamline business operations and customer relations. Today, SAP stands as the world's leading ERP software vendor, serving 440,000 customers across 180 countries, with a significant portion of its clientele being small to medium-sized enterprises.
SAP’s core mission is to help businesses manage operations efficiently and sustainably. The company offers a range of products including SAP S/4HANA, SAP Business Network, and SAP SuccessFactors, leveraging cutting-edge technologies such as machine learning, IoT, and advanced analytics. These solutions transform traditional business processes, enabling companies to become intelligent enterprises.
Recent Achievements and Projects:
- Wind Energy Initiative: SAP has collaborated with Vestas, a major wind turbine manufacturer, to enhance quality control and supply chain efficiency through SAP Business Network. This initiative addresses complex supply chains and quality assurance, contributing significantly to the renewable energy sector.
- Annual Reports: SAP recently filed its Annual Report on Form 20-F for 2023, available online, detailing social, environmental, and financial performance.
- AI Advancements: SAP has introduced AI-driven innovations to enhance supply chain solutions, helping companies mitigate disruptions and improve manufacturing efficiency.
- Cloud Partnerships: New partnerships with Moro Hub and Randoncorp underscore SAP's commitment to boosting enterprise cloud adoption and sustainability.
- Acquisition of WalkMe: SAP announced plans to acquire WalkMe, enhancing user adoption and workflow efficiencies across its applications.
Financial Health: SAP’s financial outlook for 2024 remains strong, with substantial growth in cloud revenue and a robust start to the year. The company’s cloud backlog reached an all-time high, reflecting its successful transformation strategy and focus on AI and cloud solutions.
Partnerships and Collaborations: SAP continues to forge strategic alliances with technology leaders like Google Cloud, Meta, Microsoft, and NVIDIA, pushing the boundaries of AI and cloud services. These collaborations aim to deliver innovative solutions that drive real-world results and sustainability.
As a global leader in enterprise applications, SAP helps organizations worldwide operate profitably, adapt continuously, and make a significant impact. For more information, visit SAP's official website.
SAP SE (NYSE: SAP) has expanded its strategic partnership with HP Inc. as HP invests in the RISE with SAP solution to bolster digital transformation, portfolio optimization, and operational efficiency. This solution will integrate hardware, software, and services to enhance workforce flexibility. SAP noted HP's early adoption of SAP S/4HANA as a model for business transformation. HP's investment will facilitate the expansion of SAP products aimed at improving process efficiency. SAP aims to empower businesses to operate as intelligent enterprises and drive innovation through advanced technologies like machine learning and IoT.
SAP SE (NYSE: SAP) reported its Q1 2023 financial results, highlighting a 24% increase in cloud revenue to €3.18 billion, driven by a 77% surge in S/4HANA cloud revenue to €716 million. The current cloud backlog rose 25% to €11.15 billion. While IFRS operating profit fell 45% to €803 million due to restructuring and compliance costs, non-IFRS operating profit increased by 12% to €1.87 billion. Earnings per share from continuing operations dropped 60% to €0.35. The financial outlook for 2023 anticipates cloud revenue growth of 23% to 26% and non-IFRS operating profit of €8.6 to €8.9 billion. Additionally, SAP is updating its guidance to reflect the anticipated divestiture of Qualtrics. The results reflect SAP's strategic transformation, focusing on cloud solutions.
SAP has committed to achieving net-zero emissions by 2030, aligning with global climate objectives set forth in the Paris Agreement. This commitment involves reducing emissions across its entire value chain, consistent with the guidance from the Science Based Targets initiative (SBTi). Over 1,800 companies have made similar pledges. The SBTi provides a framework for companies to establish credible, science-based targets aimed at limiting global warming to 1.5°C. Key emissions from operations (Scope 1), purchased energy (Scope 2), and indirect emissions (Scope 3) must be addressed. A critical challenge remains in effectively managing Scope 3 emissions. Achieving net-zero requires significant investments and collaboration, amidst an urgent global need for climate action, as indicated by the latest IPCC report showing a 1.1°C rise in global temperatures.
SAP SE (NYSE: SAP) announced on April 19, 2023, that AMD (NASDAQ: AMD) has successfully migrated to SAP S/4HANA® Cloud, marking a significant milestone in their long-standing partnership. This migration is integral to AMD's digital transformation strategy, consolidating their operations onto a single enterprise platform. AMD's use of SAP solutions like Ariba, Signavio, and SuccessFactors has driven this transition, aiming to enhance productivity and innovation. RISE with SAP will streamline AMD's infrastructure and support improvements in intelligent spending, human experience management, and digital supply chain capabilities. AMD aims to future-proof its business through this integration, leveraging exceptional performance from its EPYC™ server processors.
SAP has launched a new course titled Designing a Circular Economy on openSAP, aimed at addressing the urgent global waste crisis. Less than 8% of the 100 billion tons of materials consumed annually are reused, and the need for action is critical. This course emphasizes the importance of circular design in product development, which can significantly reduce environmental impacts. With new regulations pushing for a transition to a circular economy, the course will educate participants on redesigning products to eliminate waste and pollution. It kicks off on May 23, 2023, and is free for anyone interested. SAP aims to leverage technology to support businesses in adopting circular practices and achieving sustainability goals.
SAP has reaffirmed its commitment to sustainability by partnering with EKOenergy to promote the use of 100% renewable electricity. This collaboration aims to help organizations transition to renewable energy, enhancing resilience against rising energy costs. SAP has been utilizing renewable electricity for its data centers and offices since 2014, and its partnership with EKOenergy involves a contribution of €0.10 per megawatt hour to EKOenergy's Climate Fund. Additionally, SAP aligns its sustainability efforts with the United Nations' Sustainability Development Goals and aims to achieve net-zero emissions by 2030.
The EKOenergy label, recognized internationally, is critical for validating renewable energy sources and preventing greenwashing, ensuring that energy production and consumption are credible and sustainable.
SAP is advancing its commitment to sustainability through a range of initiatives focused on electric vehicles (EVs). Launched in 2011, the Green Car policy offers subsidies for employees purchasing EVs, supported by charging stations at their Bengaluru campus. By 2022, 95% of cabs used for employee shifts were electric, with a goal of achieving a 95% green commute by the end of 2023. Currently, the campus hosts 65 charging stations and has introduced a self-driving electric vehicle for internal services. SAP Labs India also collaborates with Yulu for first- and last-mile connectivity and partnered with Ather Energy to promote EV use among its employees. The SAP E-Mobility solution aims to facilitate the transition to sustainable electric mobility, reflecting SAP's commitment to decarbonizing the transport sector.
SAP announced that Dutch chemical company Royal DSM has undertaken a global transformation of its procurement practices, using SAP Business Network and SAP Ariba solutions. This initiative aims to enhance sustainability in indirect procurement while achieving cost savings through its buy.SMART program. Key insights from DSM's journey include leveraging a business network for efficiency, utilizing independent sustainability ratings for supplier assessment, piloting in challenging markets like Brazil, standardizing processes, and prioritizing change management to ensure employee engagement and successful adoption of new technologies. By embedding sustainability into procurement, DSM aims to create a positive environmental and social impact.
FourKites announced the appointment of Rocky Subramanian as President, effective immediately. Subramanian, a veteran leader from Ceridian, SAP, and Oracle, will drive customer growth and digital supply chain transformation. CEO Mathew Elenjickal highlighted Subramanian's track record in scaling revenue organizations and championing diversity. Under his leadership, Ceridian saw revenues exceed