Tag: $SAP

SAP SE Chief Executive Officer Christian Klein announced a plan to shake up its executive board and said he will personally boost his focus on artificial intelligence as Europe’s most valuable software company faces increasing pressure from the technology.

SAP (SAP) stock was headed for its biggest loss in more than five years on Thursday after the German software company reported better-than-expected earnings, but cloud revenue growth fell short of expectations.

SAP reported mixed third-quarter earnings results Wednesday afternoon. Its shares were down in after-hours trading.

The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services.

SAP SE (NYSE:SAP) stock rose 2% following the announcement of a partnership with OpenAI to launch a sovereign AI service for Germany’s public sector.

German software giant SAP on Tuesday announced it will invest over 20 billion euros ($23.3 billion) into its sovereign cloud capabilities in Europe over the next 10 years.

SAP posted second-quarter earnings of 1.50 euros a share, which beat Wall Street estimates of €1.43 a share, according to FactSet, and increased from the €1.10 a share in the same period last year. 

Η Real Consulting, κορυφαία ελληνική εταιρεία στον τομέα του τεχνολογικού μετασχηματισμού και επίσημος συνεργάτης της SAP, ανακοίνωσε την εξαγορά του 95% των μετοχών της ρουμανικής εταιρείας Smart UX Development S.R.L. για το ποσό των €2.736 εκατ.

French IT firm Capgemini said on Monday it was partnering with Germany’s SAP to deploy custom Mistral AI solutions for sensitive industries. The collaboration targets industries with stringent data requirements, such as financial services, public sector, aerospace and defence, and energy and utilities.

SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues.

Shares in SAP were up 5% at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on a strong cloud business in the third quarter.

German software developer SAP SE, product reseller Carahsoft Technology Corp. and other companies are being probed by US officials for potentially conspiring to overcharge government agencies over the course of a decade.

The German enterprise software giant SAP  reported quarterly results that were a smidgen ahead of Wall Street’s expectations. The stock is up in late Monday trading.

Shares of German software company SAP jumped to an all-time high in early deals Wednesday after the company released its latest financial results and announced plans to restructure 8,000 jobs in a push toward artificial intelligence growth.

SAP shares jumped in Thursday morning trading after the German business-software company posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business.

German business software maker SAP sees huge growth potential in generative AI technology, Chief Executive Officer Christian Klein told the business daily Handelsblatt in an interview published on Wednesday.