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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 reported preliminary financial results for Q4 and FY 2021, showing significant growth in its cloud business. The current cloud backlog surged to €9.45 billion, up 32% year-over-year, with cloud revenue increasing by 28% to €2.61 billion. Despite strong cloud performance, IFRS operating profit decreased 30% to €4.66 billion, impacted by higher share-based compensation expenses. For 2022, SAP targets 23%-26% non-IFRS cloud revenue growth. The company noted strong customer adoption of its cloud offerings, particularly "RISE with SAP".
SAP SE (NYSE: SAP) announced new products and services at SAP TechEd 2021 aimed at bridging the talent gap in digital transformation. IDC forecasts a developer shortage to escalate from 1.4 million in 2021 to 4 million by 2025. SAP introduced a unified low-code/no-code development experience, enhancements to the SAP Business Technology Platform, and expanded embedded AI capabilities. These offerings aim to empower developers and streamline processes for businesses, further establishing SAP's position in cloud solutions.
SAP SE (NYSE: SAP) announced that CFO Luka Mucic will present at the Morgan Stanley European Technology, Media & Telecoms Conference on November 18, 2021, at 5:25 PM (CET). Investors can access a live webcast of the event via SAP's Investor Relations website. SAP aims to assist businesses in becoming intelligent enterprises through its suite of applications, machine learning, IoT, and advanced analytics, improving operations across 25 industries globally.
SAP SE (NYSE: SAP) unveiled the SAP Responsible Design and Production solution on November 8, 2021, aimed at promoting sustainable product design and facilitating the transition to a circular economy.
This new offering helps brands manage material flows and comply with evolving sustainability regulations, particularly in the realm of packaging and plastics.
By embedding circularity principles in core processes, businesses can reduce waste and optimize resource use, exemplified through improved lifecycle visibility for products.
SAP SE (NYSE: SAP) announced that companies like Palace Resorts and Siemens Energy have adopted SAP® Ariba® and SAP Fieldglass® solutions to enhance procurement and workforce management in Q3. SAP maintains a dominant position in the procurement applications software market with a 32.8% market share, surpassing its next 11 competitors combined. The procurement market grew 5.4% to $6.2 billion in 2020. SAP's solutions are aimed at increasing operational agility and reducing risks amidst ongoing supply and demand challenges.
SAP SE (NYSE: SAP) and Qualtrics (NASDAQ: XM) have launched the Concur Experience Optimizer, an innovative solution designed to enhance employee experiences in travel and expense management. This tool integrates Qualtrics EmployeeXM with Concur's operational data, addressing shifting traveler expectations and improving decision-making for businesses. Recent research indicates a strong desire among employees to return to business travel, with 70% anticipating a return to pre-pandemic travel levels. The solution aims to support organizations in managing employee sentiment while optimizing spending and compliance.
SAP SE (NYSE: SAP) announces the availability of its integration of SAP Sales Cloud with Microsoft Teams, aimed at enhancing remote selling capabilities. This integration allows sales professionals to access customer data and update records in real-time directly within Teams, streamlining workflows. The announcement was made during the SAP Customer Experience LIVE event on October 26, 2021. The integration seeks to improve productivity by eliminating unnecessary administrative tasks and providing seamless collaboration opportunities for sales teams.
SAP reported strong financial results for Q3 2021, with cloud revenue increasing by 20% to €2.39 billion and total revenue up 5% to €6.84 billion. The current cloud backlog rose by 24% to €8.17 billion, reflecting robust demand, particularly for the 'RISE with SAP' initiative. However, IFRS operating profit dropped 15% to €1.25 billion, due in part to higher share-based compensation. The company raised its full-year 2021 outlook, anticipating significant cloud revenue growth. SAP's share of predictable revenue rose to 77%.
SAP SE (NYSE: SAP) launched the SAP SuccessFactors Opportunity Marketplace, a solution enhancing internal mobility by connecting employees with tailored opportunities for growth and development. This platform, incorporating machine learning, evaluates individual interests and experiences, recommending mentorships, gigs, and learning options to foster personal and organizational agility. With potential benefits including better retention and engagement, SAP aims to empower individuals while providing leaders with deeper insights into team capabilities. The solution will be available in the 2H 2021 release of the SAP SuccessFactors HXM Suite.
SAP SE reported strong third-quarter 2021 results, with current cloud backlog up 24% to €8.17 billion. S/4HANA cloud backlog surged 60% to €1.28 billion. Cloud revenue rose 20% to €2.39 billion. The company raised its full-year revenue and profit outlook, reflecting a robust demand for its RISE with SAP subscription offering. Despite strong cloud growth, IFRS operating profit declined 15% to €1.25 billion due to increased compensation expenses. SAP anticipates a shift towards subscription services, impacting software license revenues.
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