All articles tagged with #sap
Originally Published 28 days ago — by CNBC
Dan Ives is bullish on four European tech companies—SAP, ASML, Spotify, and Klarna—despite regional investor frustration, with analysts expecting their stocks to rise.
Originally Published 2 months ago — by SAP News Center
SAP and Snowflake have announced a partnership to integrate Snowflake’s AI Data Cloud with SAP’s Business Data Cloud, enabling seamless, real-time, zero-copy data sharing and advanced AI applications across enterprises, with plans for general availability in 2026.
Originally Published 2 months ago — by Investor's Business Daily
SAP's stock declined over 2% after reporting a quarterly profit that exceeded estimates but missed revenue expectations, with concerns over delayed deals in manufacturing due to tariffs and a lower-than-expected cloud backlog growth, despite a 37% rise in earnings and a 7% revenue increase.
Originally Published 3 months ago — by SAP News Center
SAP and Google Cloud have expanded their partnership by launching SAP Business Data Cloud Connect for Google BigQuery, a zero-copy data sharing solution that enables real-time, secure access to SAP data within Google BigQuery. This integration aims to eliminate data replication, improve data governance, and accelerate AI and analytics initiatives by providing businesses with immediate access to trusted, business-ready data for building intelligent agents, automating workflows, and gaining deeper insights. The solution is available in multiple regions and plans for broader availability in 2026.
Originally Published 3 months ago — by CNBC
The European Commission has launched an antitrust investigation into SAP, focusing on its practices related to software support services for its on-premises ERP software, amid concerns of market distortion, as SAP works to shift more towards cloud services amidst competition from Microsoft and Oracle.
Originally Published 3 months ago — by OpenAI
SAP and OpenAI are partnering to launch 'OpenAI for Germany' in 2026, aiming to provide AI solutions for Germany's public sector that prioritize data sovereignty, security, and compliance, supported by SAP's Delos Cloud on Microsoft Azure, to enhance government efficiency and align with Germany's national AI ambitions.
Originally Published 4 months ago — by TipRanks
Europe's inflation rate has increased more than expected, driven by tariffs affecting companies like SPOT, Deutsche Bank, and SAP, indicating rising costs and economic pressures in the region.
Originally Published 5 months ago — by TechCrunch
SAP is acquiring SmartRecruiters, a recruiting software company, to enhance its HR tools by integrating SmartRecruiters' user-friendly interfaces and workflows, allowing customers to manage the entire candidate lifecycle in a single system. The deal is expected to close in Q4 2023, with SmartRecruiters valued at around $1.5 billion based on its last funding round.
Originally Published 5 months ago — by politico.eu
Ukrainian President Zelenskyy signed a law restoring independence to key anti-corruption agencies, NABU and SAP, after domestic protests and EU pressure led to a reversal of a previous bill that aimed to control these agencies. The new law includes measures like mandatory polygraph tests for officers and aims to eliminate Russian influence, with both agencies praising the change.
Originally Published 5 months ago — by Investor's Business Daily
SAP reported Q2 earnings and revenue slightly above Wall Street estimates, with a 36% increase in earnings and a 9% rise in revenue, driven by a 28% growth in cloud computing revenue. Despite the positive results, SAP's stock dipped slightly after the report, as the company reaffirms its 2025 outlook and continues shifting towards subscription-based cloud services.
Originally Published 7 months ago — by Fortune
Christian Klein, who started as a 15-year-old intern at SAP and became its CEO, has led a major transformation of the company, making it Europe's most valuable firm with a market value of $350 billion by focusing on cloud computing and AI, despite internal challenges and restructuring efforts.
Originally Published 1 year ago — by VentureBeat
SAP has announced its acquisition of digital adoption platform WalkMe for $1.5 billion in an all-cash deal, marking a 45% premium on WalkMe's recent stock price. This move aims to enhance SAP's Business Transformation Management suite and accelerate digital adoption for customers, boosting productivity and ROI. The acquisition follows SAP's previous purchases of Signavio and LeanIX, furthering its efforts in enterprise modernization. The deal is expected to close by Q3 2024, pending customary approvals.
Originally Published 1 year ago — by TechCrunch
SAP is acquiring digital adoption platform WalkMe for $1.5 billion in cash, representing a 45% premium on WalkMe's recent share price. Founded in Israel and now based in San Francisco, WalkMe provides real-time, on-screen guidance to simplify website navigation and user onboarding. SAP plans to integrate WalkMe's AI-powered tools with its own offerings to enhance enterprise customer support and automation. The acquisition is expected to close in Q3 2024, pending regulatory and shareholder approval.
Originally Published 1 year ago — by Reuters
Tesla shares dropped 4% following reports that Germany's SAP will no longer purchase electric cars from the company due to delivery delays and price fluctuations, as well as Piper Sandler's price target cut citing lower delivery expectations for the year. The stock hit its lowest point since May 2023, potentially losing nearly $24 billion in market capitalization. Additionally, U.S. safety regulators upgraded their probe into Tesla vehicles over power steering loss, while a report surfaced about Elon Musk's use of illegal drugs being known to several current and former Tesla and SpaceX board members. Despite the stock's decline, Tesla's forward earnings estimates still trade at a high multiple compared to its peers.
Originally Published 1 year ago — by Yahoo Finance
Tesla's stock fell nearly 6% after reports that German software firm SAP will no longer procure electric cars from the company, and Piper Sandler cut its stock price target due to lower delivery expectations. The decline was accelerated by Tesla's forecast of "notably lower" delivery growth for 2024, potentially leading to a $34 billion loss in market capitalization. Additionally, Piper Sandler expects slower delivery growth and more price cuts due to an aging product lineup, leading to a reduced price target for Tesla's stock.