Category: SAP

SAP to Cut Up to 3,000 Jobs Worldwide, Mulls Qualtrics Sale

January 26, 2023
Business & MarketsCompaniescutseconomyEuropeGermanyInternationaljobsMarketsMedia & Big TechrecessionSAPWorld
0 Comment

BERLIN—SAP said Thursday that it is cutting up to 3,000 jobs worldwide, or about 2.5 percent of its workforce, after a sharp drop in profits at Europe’s biggest software company. It comes amid a broader wave of job cuts in the technology industry, including mass layoffs at Google, Amazon, Microsoft, and other tech giants in…

Read More

Germany’s SAP Joins Western Corporate Exodus From Russia

April 19, 2022
Business & EconomyCompaniesEuropeSAPTechWorld
0 Comment

STOCKHOLM—Business software group SAP plans to exit Russia completely in response to Moscow’s invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support. SAP joined a long list of companies, including rival Oracle last month in halting the sale of its services…

Read More

Exploding Maple Trees Rock Texas Winter

February 12, 2022
BrightcoldCollin CountyDallasEnvironmentexploding treesFebruaryLife & TraditionMapleNative AmericanspolarSAPScienceScience NewssugaringTexasUS
0 Comment

The next time you hear a loud “crack” outside on a moonless winter night, don’t assume it’s someone firing a weapon. It could just be an exploding tree. In Collin County, Texas, locals recently heard a number of trees cracking in the icy weather. “We listened to them all night. Sounds like gunshots going off,”…

Read More

SAP Clocks 3 Percent Revenue Growth in Q4 Backed by Cloud Strength; Issues Robust FY22 Outlook; Aims to Acquire Taulia

January 29, 2022
Business & EconomyCloudCompaniesQ4revenueSAP
0 Comment

SAP SE reported fourth-quarter FY21 revenue growth of 3 percent year-on-year to €7.98 billion at constant currencies. Cloud revenue increased 24 percent Y/Y to €2.61 billion at CC. S/4HANA cloud revenue grew 61 percent Y/Y to €329 million at CC. Software licenses revenue declined 17 percent Y/Y to €1.46 billion at CC. Cloud and software revenue…

Read More

UBS Sees Cloud Growth Reacceleration to Lead to SAP’s Re-rating

December 14, 2021
Business & EconomyCloudCompaniesgrowthMarketsSAPseeUBS
0 Comment

UBS analyst Michael Briest upgraded SAP SE to Buy from Neutral with a price target of EUR 147, up from EUR 130, implying an 8.6 percent upside. The analyst believes a reacceleration of cloud growth will drive a re-rating of the shares in 2022. Briest is more confident in the benefit to revenues from backlog…

Read More

European Stocks Reverse Losses on Strong SAP, LVMH Results

October 13, 2021
Asia & PacificBusiness & EconomyCompaniesEconomieseconomyEuropeEuropeanInvestmentLVMHMarket WatchMarketsMedia & Big TechreverseSAPstocksUKUSUS NewsWorld
0 Comment

European stocks recouped early losses on Wednesday as upbeat earnings forecast from German software group SAP and robust quarterly sales for French luxury goods maker LVMH helped soothe worries about inflation. By 0824 GMT, the pan-European STOXX 600 index was up 0.2 percent after falling as much as 0.4 percent in opening trade. The German…

Read More