SAP SE - SAP STOCK NEWS

SAP is actively supporting a social enterprise, Durian, based in rural Nigeria, aimed at empowering women to achieve economic self-sufficiency. Through projects that creatively utilize waste materials like bamboo and discarded fabrics, Durian seeks to change perceptions about marginalized women. SAP's involvement through the Acceleration Collective provides consulting services, demonstrating a commitment to social entrepreneurship. Tony Joy, founder of Durian, emphasizes the potential of these women to contribute meaningfully to society when given access to knowledge and training. This initiative reflects SAP's dedication to sustainable business practices.

SAP emphasizes the importance of inclusive collaboration in product development through its recent press release. The company advocates for active teamwork among user researchers, designers, engineers, and product managers from the initial stages of a project. By integrating diverse perspectives and adopting practices such as daily standups and intentional collaboration, SAP aims to enhance user experience and create products that cater to a wide range of users. The focus on inclusivity not only benefits the design process but also ensures that products meet the needs of a diverse global population.

SAP SE (NYSE: SAP) and Red Hat announced an expanded partnership to increase the adoption of Red Hat Enterprise Linux within SAP's operations. This collaboration aims to enhance intelligent business operations and support cloud transformation across various industries. SAP is migrating parts of its IT landscape to Red Hat Enterprise Linux, making it the preferred OS for RISE with SAP solution deployments. This partnership is expected to drive hybrid cloud innovation, offering greater flexibility and performance for SAP customers. Red Hat will provide dedicated resources to aid in the transition and training on hybrid cloud technologies.

SAP SE (NYSE: SAP) reported strong financial results for Q4 and FY 2022, highlighting a 33% increase in cloud revenue, reaching €12.56 billion. Current cloud backlog exceeded €12 billion, growing 27%. During Q4, cloud revenue surged 30%, with S/4HANA cloud revenue up 101%. However, software licenses revenue declined 38%. The company aims for double-digit non-IFRS operating profit growth in 2023, amidst restructuring to focus on strategic growth areas. SAP is exploring a sale of its stake in Qualtrics to enhance core cloud growth. The Annual General Meeting is scheduled for May 11, 2023.

Lockheed Martin (NYSE: LMT) has expanded its strategic partnership with SAP SE (NYSE: SAP) to enhance its 1LMX transformation initiative. This program aims to modernize Lockheed's business systems and improve efficiency across its supply chain. Key features of this collaboration include the adoption of RISE with SAP, which will transition Lockheed's SAP ERP systems to SAP S/4HANA Cloud. The partnership focuses on leveraging data for improved agility and security in response to evolving threats facing customers like the U.S. Department of Defense. This initiative is expected to streamline operations and support Lockheed's goals in the defense sector.

NORTHAMPTON, MA / ACCESSWIRE / January 24, 2023 / The green hydrogen initiative is pivotal for transitioning to renewable energy. SAP CEO Christian Klein emphasizes SAP's role in this evolution through the GreenToken solution, a blockchain-based tool designed to ensure transparency in green hydrogen tracking. This solution allows verification of the energy source and production methods, crucial for building trust in a market where green hydrogen is currently more expensive than traditional forms. Despite technological readiness, adoption speed is a concern, as industries and governments must collaborate to establish certification standards and accelerate the transition.