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.
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SAP SE announces a recommended dividend increase of €2.20 per share for fiscal year 2023, representing a 7.3% rise from the previous year. The total dividend distribution is set to be approximately €2.568 billion, with a pay-out ratio of 43.1%. The company aims to benefit shareholders appropriately from its 2023 profits, following a dividend policy to pay at least 40% of post-tax profits. The elections of shareholder representatives to the SAP Supervisory Board are also outlined, with notable candidates nominated for election or re-election.
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SAP SE announces executives' participation in upcoming events like the Morgan Stanley Technology, Media & Telecom Conference and the Citizens JMP Tech Conference. Webcasts will be available, and replays can be accessed on the SAP Investor Relations website. Executives like Dominik Asam and Irfan Khan will hold Fireside Chats at the events.
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Mercedes-Benz and SAP partnership revolutionizes corporate fleet management with digitalized omnichannel experience. SAP Commerce Cloud supports Mercedes-Benz's shift to 100% digital B2B sales by 2025. Benefits include streamlined EV ordering, automated approval processes, and data-driven fleet management. Sustainable business practices focus on CO2 emissions tracking, range anxiety solutions, and EV charging infrastructure. Both companies aim for carbon neutrality by 2030. Omnichannel strategy enhances customer experience and loyalty. The partnership signifies a shift towards direct sales, digital services, and new revenue streams in the automotive industry.
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SAP SE nominates Pekka Ala-Pietilä as the new Chairman of the Supervisory Board, succeeding Prof. Dr. Hasso Plattner. The company and Punit Renjen part ways due to differing perspectives. Ala-Pietilä, with a strong background in European innovation and technology, is poised to lead SAP's transformation.
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SAP partners with Kalangala Oil Palm Growers Trust to improve the lives of farmers in Uganda. The partnership has helped farmers transition to oil palm trees, providing a more reliable and lucrative crop. SAP's technology has enabled transparent payment systems and sustainable farming practices, leading to increased standard of living for farmers and the island.
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SAP commits to achieving net-zero emissions across their value chain by 2030 as part of their sustainability journey since 2009. The company aims to create positive economic, environmental, and social impact within planetary boundaries.
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SAP's press release emphasizes the importance of climate technologies in reducing greenhouse gas emissions and the role of software in helping organizations achieve sustainability goals.
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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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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 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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FAQ
What is the current stock price of Sap Se (SAP)?
The current stock price of Sap Se (SAP) is $288.47 as of February 19, 2025.
What is the market cap of Sap Se (SAP)?
The market cap of Sap Se (SAP) is approximately 341.4B.
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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