Sap Se - SAP STOCK NEWS

SAP SE (NYSE: SAP) has consolidated its SAP App Center and SAP Store into a single marketplace called SAP Store. This new platform enhances the purchasing experience for customers by integrating over 1,700 partner applications alongside SAP's own solutions. New features include an intelligent search function, an updated category menu, and personalized favorites. The unified platform aims to improve accessibility and navigation, offering equal visibility for all products based on customer needs. Additionally, for each purchase, SAP will plant a tree, promoting environmental sustainability.

Lumen Technologies (LUMN) has partnered with SAP (SAP) to integrate SAP HANA into the Lumen platform, streamlining cloud services for small and medium-sized enterprises. This collaboration targets 75,000 global customers, enabling quicker deployment and management of SAP Business One in the cloud. Lumen will provide a cost-effective, monthly service-based pricing model, enhancing its platform with a hybrid deployment option. As the first cloud management platform to host SAP HANA, Lumen aims to position itself strategically in the digital economy.

SAP SE reported strong financial results for FY 2020, demonstrating resilience amid the pandemic. IFRS Cloud Revenue rose 17% to €8.08 billion, with a current cloud backlog of €7.2 billion, up 14% year-over-year. Gross margins improved, with IFRS Cloud Gross Margin at 66.5%. The company achieved an IFRS Operating Profit of €6.62 billion, a remarkable 48% increase, and EPS surged 56% to €4.35. Despite a decline in software licenses revenue by 6%, SAP's strategic cloud transition and new offerings like 'RISE with SAP' position it for continued growth.

SAP SE (NYSE: SAP) has announced its agreement to acquire Signavio, a leader in enterprise business process intelligence and management. This acquisition aims to enhance SAP's capabilities in helping businesses transform and manage their processes efficiently. The deal, expected to close in Q1 2021 pending regulatory approval, aligns with SAP's Intelligent Enterprise strategy. The integration of Signavio's cloud-native management suite with SAP's offerings is set to provide customers with comprehensive tools for process design and improvement. Financial details of the transaction remain undisclosed.

SAP SE (NYSE: SAP) launched RISE with SAP, a comprehensive offering designed to facilitate digital transformation for businesses. This subscription-based service enables customers to redesign processes and achieve better outcomes without significant upfront investments. CEO Christian Klein emphasized the need for agility in operations amidst global challenges. The initiative aims to support companies at various stages of transformation, leveraging SAP's extensive ecosystem and advanced technology, including AI and RPA.

On January 22, 2021, SAP and Microsoft announced an expansion of their strategic partnership to integrate Microsoft Teams with SAP's solutions, including SAP S/4HANA and SAP SuccessFactors. This integration aims to enhance collaboration and productivity, responding to the shift towards virtual work. Additionally, both companies will develop automated migrations and improved cloud offerings on Microsoft Azure. The planned integration is set for mid-2021, as they aim to facilitate digital transformation and streamline customer journeys to the cloud.

SAP SE (NYSE: SAP) has announced the appointment of Julia White as the chief marketing and solutions officer and Scott Russell as head of Customer Success, effective March 1 and February 1 respectively. White previously worked at Microsoft, focusing on product marketing for Azure and Office 365. Russell, who has been with SAP since 2010, will enhance sales and service strategies. Both bring extensive experience to support SAP's transformation and cloud innovation objectives. Adaire Fox-Martin will depart after her contributions, with leadership transitions aimed at maximizing customer success.

SAP SE reported its fourth-quarter results for 2020, revealing an 8% increase in IFRS cloud revenue to €2.04 billion, while software licenses revenue fell 15% to €1.70 billion. Overall total revenue decreased 6% year-over-year to €7.54 billion. IFRS operating profit saw significant growth of 26%, reaching €2.65 billion. The company anticipates 2021 non-IFRS cloud revenue between €9.1 billion and €9.5 billion, reflecting strong demand despite ongoing COVID-19 challenges.

SAP SE (NYSE: SAP) announced the launch of its SuccessFactors Time Tracking solution on December 15, 2020, aimed at streamlining HR processes and enhancing employee experiences. This cloud-based tool allows for real-time tracking of employee time, minimizes labor costs, and integrates with existing SAP systems to ensure accurate payroll. Key features include flexible time management, automated approval workflows, and improved visibility into workforce costs. The solution is set to be available in January 2021.