SAP SE - SAP STOCK NEWS

SAP SE (NYSE: SAP) reported strong growth in its procurement solutions, with over 70 new customers and 245 renewals in Q2 2020. Notable clients include Carrefour and NEC. The company emphasized the importance of digitalization for business continuity during economic uncertainty. SAP's solutions, Ariba and Fieldglass, are being adopted by significant players like Indelpro and MOL Plc, highlighting their role in enhancing supply chain management and cost efficiency. SAP's strong partner ecosystem facilitated successful implementations, showcasing the ongoing demand for digital procurement solutions.

SAP SE and E.ON SE have announced a partnership to develop a new platform utilizing SAP S/4HANA for E.ON's network operations. This collaboration aims to enhance billing processes and improve information exchange among energy market participants in Germany. As E.ON integrates Innogy SE, the new platform will standardize processes across its subsidiaries, promoting efficiency and cost reduction, with anticipated savings exceeding 40% long-term. The project is expected to yield initial benefits by mid-2022, facilitating compliance with regulatory requirements while fostering innovation.

SAP SE reported strong Q2 2020 results, with IFRS Cloud Revenue up 21% to €2.04 billion. Non-IFRS EPS rose 7% to €1.17, while operating cash flow surged 41% to €3.77 billion. Cloud gross margin increased to 66% and the share of predictable revenue reached 73%. However, software licenses revenue decreased 18% year-over-year to €0.77 billion. The company confirmed its 2020 outlook, projecting non-IFRS cloud revenue between €8.3 billion and €8.7 billion. SAP is also set to take Qualtrics public through an IPO, retaining majority ownership.

SAP SE (NYSE: SAP) announced its plan to take Qualtrics public through an IPO in the U.S. SAP intends to maintain majority ownership while enhancing Qualtrics' ability to grow within the Experience Management market. CEO Christian Klein noted that Qualtrics has seen over 40% cloud growth in 2019, promising strong performance. The IPO aims to provide Qualtrics with greater autonomy for expansion and innovation. Final decisions on the IPO are pending market conditions, but SAP does not expect the transaction to impact its 2020 financial targets.

SAP SE (NYSE: SAP) has announced an enhanced portfolio for its SAP® Training and Adoption initiative, aimed at supporting digital learning and software adoption. The updated offerings allow users to learn flexibly on their own schedule, fostering employee success and improving business outcomes. With a comprehensive range of training solutions for SAP products, the initiative aims to boost employee productivity and engagement. Notably, it boasts proven business impacts, such as a 671% ROI over three years and a 15% increase in user satisfaction.

SAP SE (NYSE: SAP) has launched the SAP Fieldglass External Talent Marketplace, a solution aimed at streamlining the hiring process for temporary workers. Available at no charge until December 31, 2020, this platform connects businesses with staffing firms, allowing organizations to quickly find vetted candidates amidst ongoing workplace challenges. The initiative capitalizes on partnerships with leading staffing agencies, enhancing access to a broad talent pool. Analysts highlight its potential to improve operational efficiency as firms seek flexible workforce solutions during uncertain economic times.

SAP SE reported strong preliminary financial results for Q2 2020, demonstrating resilience amid the COVID-19 crisis. Cloud revenue increased 21% year-over-year to €2.04 billion, while current cloud backlog rose 20%. Despite an 18% decline in software licenses revenue, a significant recovery was noted in the APJ region. The company's operating profit surged 55% to €1.28 billion, boosting the operating margin to 19%. SAP reaffirmed its 2020 outlook, anticipating continued growth in cloud services and overall revenue.

SAP SE (NYSE: SAP) announced enhancements to its Business Technology Platform at the SAPPHIRE NOW® Converge conference (June 15-19, 2020). With a focus on data excellence, integration, and extension, these improvements aim to help organizations turn data into business value, especially amidst challenges posed by the COVID-19 pandemic. Notable developments include the upcoming release of SAP HANA 2.0, enhanced analytics tools, and simplified pricing for integration services. Over 32,400 customers leverage SAP HANA, projecting a 679% average return on investment over five years.

SAP SE announced a virtual financial analyst conference as part of its SAPPHIRE NOW event, planned for June 15, 2020, at 6:30 PM CET. This live event will allow SAP senior management to share updates and insights. Attendees can access the live audio webcast and a replay via SAP's Investor Relations website. SAP serves over 440,000 customers globally, playing a critical role in enterprise application software. The event holds potential significance for investors looking to understand SAP's future direction.