Sap Se - SAP STOCK NEWS

On June 2, 2021, at the SAPPHIRE NOW conference, SAP SE (NYSE: SAP) launched the SAP® Business Network, aimed at fostering new business communities and enhancing sustainability. The event highlighted innovations such as the SAP Process Insights for business process improvement, the AI-driven Verify feature from SAP Concur® for expense auditing, and the no-code SAP Upscale Commerce solution to enhance direct-to-consumer engagement. Significant upgrades were also announced for the SAP Business Technology Platform, focusing on operational analytics and low-code capabilities, enabling better data insights for organizations.

SAP SE (NYSE: SAP) announced its vision to establish the world's largest business network during the SAPPHIRE NOW conference on June 2, 2021. The SAP Business Network aims to connect over 5.5 million organizations, enhancing collaboration and sustainability across supply chains. Additionally, SAP introduced RISE with SAP transformation packages tailored to industries, enabling better business processes. New sustainability products were also unveiled, including solutions for product lifecycle tracking and visibility, underscoring SAP's commitment to operationalizing sustainability as a core business process.

SAP SE (NYSE: SAP) announced the integration of its new Built-In Support feature, enhancing customer interaction through a contextually aware digital support assistant within applications. Leveraging AI and machine learning, this innovation aims to simplify support access, providing tools for rapid issue resolution and live expert assistance. The feature currently supports SAP S/4HANA Cloud, with plans to expand to other solutions. This technology focuses on improving operational efficiency and business continuity, positioning SAP to deliver an intuitive customer experience in line with modern expectations.

SAP SE (NYSE: SAP) announced that BITZER, a refrigeration and air conditioning technology manufacturer, has implemented the SAP Ariba Buying solution to enhance its procurement operations. This move aims to streamline processes, increase transparency, and support BITZER's global expansion. With the guidance of apsolut GmbH, BITZER seeks to standardize its procurement on a cloud-based platform, thereby reducing maverick spending and improving compliance with purchasing policies. The integration with SAP S/4HANA is expected to drive better collaboration with suppliers.

BlackLine (Nasdaq: BL) has been awarded the 2021 SAP Pinnacle Partner of the Year Award in the Solution Extensions category, recognizing its contributions as one of only 21 winners from over 20,000 SAP partners globally. This accolade reflects BlackLine's robust partnership with SAP and its innovative cloud-based solutions that enhance SAP technologies. BlackLine's offerings, such as SAP Account Substantiation and Automation, bring automation, control, and data integrity to finance departments, aiding businesses in their digital transformation journeys.

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.