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SAP SE - SAP STOCK NEWS

Welcome to our dedicated page for SAP SE news (Ticker: SAP), a resource for investors and traders seeking the latest updates and insights on SAP SE stock.

SAP SE, a German multinational software giant, is headquartered in Walldorf, Baden-Württemberg. Founded in 1972 by former IBM employees, SAP SE revolutionizes enterprise software, specializing in enterprise resource planning (ERP) solutions that streamline business operations and customer relations. Today, SAP stands as the world's leading ERP software vendor, serving 440,000 customers across 180 countries, with a significant portion of its clientele being small to medium-sized enterprises.

SAP’s core mission is to help businesses manage operations efficiently and sustainably. The company offers a range of products including SAP S/4HANA, SAP Business Network, and SAP SuccessFactors, leveraging cutting-edge technologies such as machine learning, IoT, and advanced analytics. These solutions transform traditional business processes, enabling companies to become intelligent enterprises.

Recent Achievements and Projects:

  • Wind Energy Initiative: SAP has collaborated with Vestas, a major wind turbine manufacturer, to enhance quality control and supply chain efficiency through SAP Business Network. This initiative addresses complex supply chains and quality assurance, contributing significantly to the renewable energy sector.
  • Annual Reports: SAP recently filed its Annual Report on Form 20-F for 2023, available online, detailing social, environmental, and financial performance.
  • AI Advancements: SAP has introduced AI-driven innovations to enhance supply chain solutions, helping companies mitigate disruptions and improve manufacturing efficiency.
  • Cloud Partnerships: New partnerships with Moro Hub and Randoncorp underscore SAP's commitment to boosting enterprise cloud adoption and sustainability.
  • Acquisition of WalkMe: SAP announced plans to acquire WalkMe, enhancing user adoption and workflow efficiencies across its applications.

Financial Health: SAP’s financial outlook for 2024 remains strong, with substantial growth in cloud revenue and a robust start to the year. The company’s cloud backlog reached an all-time high, reflecting its successful transformation strategy and focus on AI and cloud solutions.

Partnerships and Collaborations: SAP continues to forge strategic alliances with technology leaders like Google Cloud, Meta, Microsoft, and NVIDIA, pushing the boundaries of AI and cloud services. These collaborations aim to deliver innovative solutions that drive real-world results and sustainability.

As a global leader in enterprise applications, SAP helps organizations worldwide operate profitably, adapt continuously, and make a significant impact. For more information, visit SAP's official website.

News

SAP Announces Q4 and FY 2023 Results

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SAP SE (NYSE: SAP) has announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company exceeded its non-IFRS operating profit and cash flow outlook for FY 2023. Cloud revenue increased by 20% and 23% at constant currencies for FY 2023, driven by a 25% cloud revenue growth at constant currencies in the fourth quarter. The current cloud backlog stands at €13.7 billion, up 25% and up 27% at constant currencies. IFRS cloud gross profit is up 23%, non-IFRS cloud gross profit is up 23% and up 27% at constant currencies in FY 2023. However, IFRS operating profit is down 5%, while non-IFRS operating profit is up 9% and up 13% at constant currencies in FY 2023. The 2024 outlook anticipates accelerating cloud revenue growth. The company also announced a planned transformation program including restructuring in 2024 to focus on scalability of operations and Business AI. The 2025 non-IFRS operating profit and free cash flow ambition have been updated to reflect the updated non-IFRS definition as well as approximately half a billion Euro of incremental efficiency gains from the program.
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What Industry Analysts Say About SAP Sustainability

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SAP has been recognized by Gartner and IDC for its exceptional sustainability performance and solutions offered to customers. The company's ERP-centric solutions help businesses manage sustainability across environmental, social, and governance dimensions, and it's been committed to net-zero emissions by 2030. SAP's comprehensive portfolio is designed to help customers run their business processes and enterprise more efficiently, with offerings such as SAP Business Network, business process transformation solutions, SAP Business Technology Platform (SAP BTP), and the SAP Customer Experience portfolio.
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SAP Evolves Executive Board to Maximize Innovation Adoption and Customer Value in the Cloud

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SAP SE (NYSE: SAP) has announced two changes to its Executive Board to enhance cloud growth and adoption. A new Board area will be created to accelerate cloud growth and adoption, led by Thomas Saueressig, while Muhammad Alam will join the Executive Board, succeeding Saueressig and assuming responsibility for SAP's product engineering.
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COP28 Spotlights Youth in Combatting Climate Change

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SAP (SAP) is focusing on empowering youth to address climate change challenges through the Green Rising initiative, aiming to engage 10 million youth in grassroots climate action by 2025. The company is collaborating with UNICEF, Generation Unlimited, Goodwall, and Accenture to provide resources, skills, and opportunities for young people to create innovative solutions for a sustainable and just world.
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Human Rights Day: The Role of Business in Respecting People and Their Rights

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SAP (SAP) celebrates the 75th anniversary of the Universal Declaration of Human Rights, discussing the company's commitment to human rights with its Chief Sustainability Officer and human rights officer.
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SAP at COP28: Navigating Climate Change Together

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SAP (SAP) participates in the 28th UN Climate Change Conference (COP28) in Dubai, advocating for ambitious policy action and the adoption of technology for corporate sustainability management. SAP's CEO and Members of the Executive Board, Christian Klein, Julia White, and Sophia Mendelsohn, showcase the company's critical role in advancing sustainability. SAP engages in nearly 70 initiatives during COP28 on various fronts like carbon accounting, climate justice, and the circular economy.
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Gonzalez Byass Tracks Plastics From the Vineyard to Your Wine Glass

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Gonzalez Byass, a Spanish wine producer, is implementing a comprehensive sustainable business strategy and circular economy program in line with the United Nations Sustainable Development Goals (UN SDGs) to address its use of plastic and promote regenerative agriculture. The company is taking steps to minimize the use of plastic, replace it with sustainable alternatives, and recycle 99% of the waste generated. SAP's cloud solution for the circular economy, SAP Responsible Design and Production, is being implemented to help Gonzalez Byass monitor, measure, and act on its plastic data, enabling the company to make informed choices and carry out the critical work of eliminating waste and regenerating natural systems.
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How Deutsche Bank Is Helping Companies Finance Their Path to Net Zero

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Deutsche Bank (DB) Chief Sustainability Officer Discusses Earth Overshoot Day and the Need for System Changes
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The Role of Partnerships in Tackling Climate Change

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SAP (NYSE:SAP) announces a focus on sustainable business practices and the importance of technological innovation in driving green technology mainstream. The company emphasizes the need for global partnerships and collaboration to combat climate change and create a low-carbon future.
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Empowering Sustainability: The Power of Collaboration and Personal Commitment

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SAP Portugal (SAP) is championing sustainability through collaborative efforts as part of COP28, aiming to address urgent environmental challenges and foster a more sustainable future.
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FAQ

What is the current stock price of SAP SE (SAP)?

The current stock price of SAP SE (SAP) is $228.31 as of November 15, 2024.

What is the market cap of SAP SE (SAP)?

The market cap of SAP SE (SAP) is approximately 267.3B.

What does SAP SE do?

SAP SE develops enterprise software to manage business operations and customer relations, specializing in ERP solutions.

Where is SAP SE headquartered?

SAP SE is headquartered in Walldorf, Baden-Württemberg, Germany.

Who are SAP SE’s primary customers?

SAP serves 440,000 customers globally, including many small to medium-sized enterprises.

What are some recent achievements of SAP SE?

Recent achievements include an alliance with Vestas for quality control in wind energy, filing of 2023 Annual Reports, AI advancements, new cloud partnerships, and the acquisition of WalkMe.

What are SAP SE’s core products?

SAP's core products include SAP S/4HANA, SAP Business Network, and SAP SuccessFactors.

How is SAP SE contributing to sustainability?

SAP contributes to sustainability through initiatives like the wind energy project with Vestas and partnerships aimed at reducing ecological impact.

What financial goals has SAP set for 2024?

SAP aims for robust growth in cloud revenue, higher operational efficiency, and continued advancements in AI and cloud solutions.

Who founded SAP SE?

SAP SE was founded in 1972 by former IBM employees.

How does SAP SE leverage AI?

SAP integrates AI across its solutions to enhance supply chain efficiency, automate processes, and improve decision-making.

What partnerships has SAP SE recently formed?

Recent partnerships include collaborations with Google Cloud, Meta, Microsoft, NVIDIA, and the acquisition of WalkMe.

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SAP SE

NYSE:SAP

SAP Rankings

#31 Ranked by Market Cap
#1788 Ranked by Dividends

SAP Stock Data

267.30B
1.23B
0%
6.41%
0.14%
Software - Application
Technology
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United States of America
Walldorf