SAP SE - SAP STOCK NEWS

SAP SE has announced a definitive agreement with Francisco Partners for the acquisition of SAP Litmos, an established leader in the learning management system market. The transaction, expected to close in Q4 2022, will allow Litmos to operate as an independent company, enhancing its focus on growth and innovation. SAP's ongoing portfolio review indicated an overlap between its SuccessFactors Learning and Litmos solutions, leading to this divestment. Financial terms were not disclosed, but Francisco Partners brings extensive technology investment experience.

SAP SE (NYSE: SAP) has announced a new share repurchase program of up to €500 million, set to run from August 1 to December 31, 2022. This initiative, authorized at the Annual General Meeting on May 17, 2018, will primarily support employee share-based compensation plans. This follows a previous buyback of 14 million shares for approximately €1.5 billion in 2020 and another 10 million shares for about €1 billion in the first half of 2022. The program aims to enhance shareholder value and maintain confidence in the company's future.

SAP SE reported strong cloud revenue growth of 34% in Q2 2022, making it the largest revenue stream for the company. The current cloud backlog exceeded €10 billion, up 34%. However, IFRS operating profit fell 32% due to the impact of the war in Ukraine, leading to a 75% drop in basic earnings per share. Despite challenges, SAP reaffirmed its 2022 revenue outlook of €11.55 billion to €11.85 billion for cloud revenue, maintaining confidence in its cloud transition strategy.

New research by Oxford Economics and SAP reveals significant barriers to corporate sustainability efforts, including poor communication and siloed technologies. Despite this, 63% of executives reported having a formal sustainability plan. The study highlights that sustainability can enhance efficiency (58%), brand reputation (46%), and customer satisfaction (44%). Only 9% of executives are identified as 'sustainability leaders,' effectively engaging stakeholders and integrating technology. Key challenges for improvement include executive sponsorship, consistent communication, integrated technologies, and leveraging data.

SAP SE has announced new innovations at the Sapphire conference in Orlando, focusing on digital transformation in four key areas: supply chain resilience, sustainability, business process transformation, and no-code application development. A survey indicates that while 80% of companies seek digital solutions, only 30% achieve true transformation. Highlights include new apps for supply chain management and enhanced solutions for sustainability management, aimed at empowering customers in their transformation journeys.

On May 4, 2022, Google Cloud and SAP expanded their partnership, introducing native integrations between Google Workspace and SAP S/4HANA Cloud. This collaboration allows users to leverage Google Docs and Sheets within SAP workflows, enhancing collaboration and data management for enterprises. Key benefits include streamlined integration for quick adoption, real-time data access, and improved version control. This move addresses customer requests for better collaboration tools and aims to support businesses in transitioning to more efficient, sustainable operations in a hybrid work environment.

Accenture (NYSE: ACN) and SAP (NYSE: SAP) have launched a new joint offering aimed at helping large enterprises transition to the cloud and foster continuous innovation. This collaboration combines RISE with SAP and SOAR with Accenture, enhanced by Accenture’s transformation services and intelligent tools. The new solution supports enterprises in constructing a cloud-based core with SAP S/4HANA®, promoting operational efficiency and flexibility. This partnership builds on over 40 years of collaboration between Accenture and SAP, focusing on helping businesses realize sustainable growth through technology integration.

SAP SE (NYSE: SAP), the leader in enterprise application software, will have its executives participate in several key investor events. Highlights include the Sapphire 2022 Financial Analyst Conference on May 11 in Orlando, Florida, where SAP's Executive Board will discuss strategy and technology updates. On May 24, Luka Mucic, CFO, will speak at the dbAccess German Corporate Conference 2022 in Frankfurt, Germany. Additionally, Julia White, Chief Marketing Officer, will present at the Bank of America 2022 Global Technology Conference on June 8 in San Francisco. All events will be webcasted.

SAP SE announced strong Q1 2022 results, showcasing a 31% increase in cloud revenue to €2.82 billion. Notable growth was seen in SAP S/4HANA, with a 78% surge. Current cloud backlog approached €10 billion, up 28%. However, the company's overall operating profit decreased 4% and free cash flow dropped 24% due to macroeconomic factors and impacts from the war in Ukraine. Despite these challenges, SAP reaffirmed its financial outlook for the year, projecting cloud revenue of €11.55 - 11.85 billion.