All articles tagged with #sap
SAP’s shares fell as much as 14% after Q4 cloud backlog rose 16% to €21.1 billion, missing forecasts of roughly 26% growth and signaling a deceleration in 2026; overall revenue reached €9.7 billion and operating profit €2.6 billion, while management said the quarter laid a foundation to accelerate growth through 2027 despite investor concerns about AI and legacy software dynamics.
Analysts expect Palantir’s recent momentum to slow in 2026 due to a lofty valuation (forward P/E near 182 and PEG around 2.9) despite strong growth, while SAP is viewed more favorably with a PEG near 1.0 and a potential ~40% upside, suggesting SAP could outpace Palantir next year. The piece notes Wall Street skepticism of Palantir’s multiple and cites Motley Fool commentary on both stocks.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.