SAP SE - SAP STOCK NEWS

SAP SE (NYSE: SAP) has launched GROW with SAP, a new cloud ERP offering aimed at midsize businesses. This initiative allows these companies to adopt industry best practices quickly, improving agility and innovation. With features like embedded AI and rapid deployment, users can go live within four weeks. The offering integrates SAP S/4HANA Cloud and includes resources for businesses to define custom processes. IDC research indicates that midsize firms face growing complexity similar to larger enterprises. The launch aims to better cater to the specific needs of these businesses, supported by a global partner ecosystem.

SAP promotes diversity and inclusion in its software presales teams, featuring equal representation of women. In an interview, Chief Diversity & Inclusion Officer Supriya Jha speaks with Chris McLellan, Head of SAP SuccessFactors Solution Advisory, highlighting his commitment to these values. SAP emphasizes the importance of a diverse workforce that mirrors the communities it serves. The company aims to create an inclusive environment throughout the employee lifecycle while holding leaders accountable for fostering this culture. For more details on SAP's diversity initiatives, visit their official diversity page.

SAP recently highlighted the challenges faced by the food supply chain due to the diverse origin of ingredients and the need for rapid delivery to prevent spoilage. During the SAP.iO Foundries Sustainable Agriculture Latin America Demo Day, startups showcased innovative solutions aimed at enhancing transportation efficiency, transparency, and agility, which are crucial for reducing food waste—a UN goal to cut global food waste in half by 2030.

This initiative addresses critical issues such as hygiene standards and climatic storage conditions necessary for preserving food quality, emphasizing the importance of efficient logistics in the food industry.

SAP SE has agreed to sell its 423 million shares of Qualtrics International Inc. to Silver Lake and CPP Investments for US$18.15 per share, valuing Qualtrics at approximately US$12.5 billion. This sale represents a 73% premium over Qualtrics' 30-day average trading price prior to the announcement. The deal, which will net SAP around US$7.7 billion, is expected to close in the second half of 2023, pending regulatory approvals. Since SAP acquired Qualtrics in 2019, the company has tripled its revenue, now servicing over 18,000 brands. SAP intends to remain a partner to Qualtrics post-sale.

SAP SE (NYSE: SAP) announced the launch of SAP Datasphere, a new data management solution aimed at simplifying access to critical business data across various platforms. This innovation allows for seamless integration of SAP and non-SAP data, enhancing business decision-making and insights. Alongside this, SAP has formed strategic partnerships with industry leaders including Collibra, Confluent, Databricks, and DataRobot to enrich the SAP Datasphere platform. The solution aims to eliminate data silos and improve data governance and integration capabilities, positioning SAP Datasphere as a key player in the evolving data landscape.

SAP emphasizes the importance of social responsibility in business, noting that 88% of global supply chains are connected through its platform. This connectivity allows businesses to manage their social impact effectively, aiming for Zero Inequality. SAP provides tools for full visibility into social impact and facilitates compliance and ESG reporting. As a leader in enterprise application software, SAP supports various industries, enabling businesses to operate intelligently and sustainably. Their technology supports machine learning, IoT, and analytics to enhance operational efficiency.

SAP SE (NYSE: SAP) announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2022, with the U.S. SEC on March 2, 2023. The report is available online for investors. Additionally, the SAP Integrated Report 2022 has been released, highlighting the company's social, environmental, and financial performance, marking the 11th such report issued by SAP. PDF versions of both reports are accessible via SAP's Investor Relations website, and hard copies of the financial statements can be requested free of charge.

These documents include forward-looking statements, which carry inherent risks and uncertainties.