Sap Se - SAP STOCK NEWS

SAP SE has announced that NTT DATA Services has implemented its full suite of intelligent spend management solutions, including SAP Ariba, Fieldglass, and Concur. Over three years, NTT DATA has realized US$125 million in value and now manages over $1 billion in procurement with 3,700 suppliers across 50 countries. The solutions improve procurement efficiencies, cost reduction, and risk mitigation during disruptions caused by COVID-19. NTT DATA aims to innovate further using machine learning and artificial intelligence.

NTT Corporation and SAP SE have established a strategic alliance aimed at enhancing digital transformation for enterprises. This partnership, built on over 30 years of collaboration, focuses on co-innovating solutions that integrate SAP's intelligent technologies with NTT's ICT and cloud capabilities. Key offerings include connected sites, mobility tracking, and product traceability, designed to improve operational efficiency and customer experience. The alliance positions both companies to better support global businesses navigating digitalization and hybrid operational models.

SAP SE will present at two upcoming investor conferences in November and December 2020. CFO Luka Mucic will speak at the Morgan Stanley European Technology, Media, and Telecoms Conference on November 19, 2020, at 1:40 pm CET. CEO Christian Klein will address the Wells Fargo Technology Conference on December 1, 2020, at 2:00 pm CET. Both events will feature live audio webcasts available via SAP’s Investor Relations website. SAP aims to support businesses in becoming intelligent enterprises by leveraging advanced technologies across various industries.

SAP SE (NYSE: SAP) has reported significant momentum in its SuccessFactors Human Experience Management (HXM) Suite, with over 100 new customers and 100,000 users added in Q3 2020. Notable companies adopting these solutions include Kmart Australia, Celeros Flow Technology, Atento S.A., and Bahrain Airport Services. The HXM Suite aims to enhance HR processes, offering flexibility and scalability across 99 countries. With a focus on personalized employee experiences, the suite supports organizations in adapting to rapid workplace changes.

SAP SE (NYSE: SAP) and Qualtrics have launched Qualtrics® XM for Suppliers, a solution designed to optimize the source-to-pay process for procurement teams. This tool integrates data from SAP Ariba, SAP Fieldglass, and SAP S/4HANA with real-time supplier insights. According to a study by Oxford Economics and SAP, while 66% of procurement officers manage supplier risks effectively, only 51% can swiftly find alternative suppliers. The platform aims to enhance supplier feedback mechanisms, improve decision-making, and ultimately strengthen supplier relationships.

SAP SE (NYSE: SAP) announced that over 280 companies implemented SAP Ariba and Fieldglass solutions in Q3 2020, reflecting a surge in digital transformation amid ongoing economic challenges. John Wookey, president of SAP Intelligent Spend Management, noted that firms are focusing on digitalization to safeguard their operations. Noteworthy clients such as Acciona S.A. and Centro Médico ABC adopted these solutions, enhancing their procurement efficiency and supply chain visibility. Additionally, SAP reported more than 70 new customers, 150 contract expansions, and 220 renewals.

SAP reported a current cloud backlog of €6.6 billion, marking a 16% increase at constant currencies. Third quarter revenues saw cloud revenue rise by 11% to €1.98 billion, while total revenue declined 4% to €6.54 billion. Adjusted earnings per share (EPS) showed strong growth, increasing 26% to €1.32 (IFRS). Operating profit fell 12% year over year due to higher compensation costs. The company updated its full-year outlook, now expecting €8.0 - 8.2 billion in non-IFRS cloud revenue and raised its cash flow expectations significantly.