SAP SE - SAP STOCK NEWS

SAP SE (NYSE: SAP) reported that numerous global companies, including Toyota Material Handling U.S.A. and Veolia North America, adopted its SAP Ariba and SAP Fieldglass solutions in Q1 2021 to enhance procurement and workforce management. Noteworthy highlights include Grupo Empresarial Colombina's implementation for improved spend visibility and Expo 2020 Dubai's digitalization efforts, managing $1.4 billion in spend. SAP's commitment to intelligent spend management is emphasized amidst increasing corporate alignment pressures.

SAP SE has joined the World Business Council for Sustainable Development (WBCSD) as an innovation partner in its Value Chain Carbon Transparency Pathfinder initiative. This program aims to enhance transparency in corporate carbon emissions, facilitating the decarbonization of supply chains. Announced during the SAP Sustainability Summit, the partnership aligns with SAP's ongoing commitment to sustainability, including its Climate 21 program, which helps businesses assess their carbon footprints. CEO Christian Klein emphasized the importance of leveraging data to provide a competitive advantage in the market.

SAP announced its Q1 2021 financial results, highlighting a 7% increase in cloud revenue to €2.14 billion (IFRS). The company recorded a strong order entry growth, marking the highest in five years. Notably, Non-IFRS operating profit rose 17% to €1.74 billion. The adoption of 'RISE with SAP' has been pivotal, with over 100 transactions closed in Q1. Despite COVID-19 impacts, SAP maintains a positive outlook for cloud growth, raising its full-year expectations to €9.2 – 9.5 billion in cloud revenue. The share of predictable revenue rose to 78%, boosting financial stability.

SAP SE announced its first quarter 2021 preliminary results, showing strong growth in cloud revenues, with a 13% increase at constant currencies. IFRS Cloud Revenue rose 7%, while Operating Profit decreased 21%. Non-IFRS metrics revealed a sharp 24% increase in Operating Profit, reflecting a healthier financial state. EPS increased significantly by 29% (IFRS) and 63% (Non-IFRS). The company raised its full-year outlook, anticipating continued cloud growth driven by 'RISE with SAP'. However, total revenue dipped 3% year-over-year, resulting in a 15% increase in current cloud backlog, totaling €7.63 billion.

SAP and Onapsis have released a cyber threat intelligence report detailing how unprotected SAP applications are targeted by malicious actors. Collaborating with the U.S. Department of Homeland Security and Germany's BSI, they urge organizations to apply existing SAP patches and secure configurations promptly. No breaches linked to this research have been reported, nor are there new vulnerabilities in SAP's cloud services. Organizations failing to address these issues risk data theft, operational disruptions, and regulatory compliance failures.

SAP SE (NYSE: SAP) has launched its new SAP Fieldglass Assignment Management solution to streamline the management of contractors in asset-intensive industries. This platform allows operational managers to efficiently assign and oversee projects across diverse workers and pay rates. With external labor constituting 42% of total workforce spending, this tool enhances visibility, flexibility, and compliance for organizations. It addresses complexities in contractor management, aiding in cost control and project efficiency.

SAP SE (NYSE: SAP) announced that Capgemini has adopted its SAP Fieldglass Contingent Workforce Management and Services Procurement applications. This integration aims to enhance Capgemini's management of its contingent workforce, driving sustainable growth. The applications improve efficiency, agility, visibility, and transparency in workforce management, enabling better compliance and strategic decision-making. Capgemini's procurement team has automated and standardized the processes related to its external labor, increasing operational efficiency and providing insights into spend and market opportunities.