Sap Se - SAP STOCK NEWS

SAP's HR AI tools are delivering measurable benefits beyond simple time savings, according to a new Josh Bersin Company analysis. The study reveals significant improvements in workplace efficiency and employee experience:

• 95% acceleration in employee search speeds through AI copilots
• 25% boost in employee satisfaction with career opportunities
• 30% improvement in skill-to-assignment alignment
• 25% reduction in candidate selection bias
• 25% increase in overall employee performance through AI-driven skill inference

The research demonstrates that AI implementation is creating 'superworkers' rather than replacing employees. For organizations with 10,000 employees, even a 0.25% productivity increase per employee results in 5.2 additional productive hours annually per person. The study highlights various AI applications, including informational search assistants, HR support, conversational AI for core transactions, and personalized career guidance.

SAP SE (NYSE: SAP) has announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The company has also released its Integrated Report 2024, which includes sustainability information prepared according to the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) requirements for the first time.

Both reports are accessible online through SAP's Investor Relations website, and hard copies of the audited consolidated financial statements can be requested free of charge via email or phone.

SAP has partnered with PortSwigger, a leading application security software provider, to enhance web application security across its global enterprise solutions. The collaboration will integrate Burp Suite Enterprise Edition, PortSwigger's Dynamic Application Security Testing (DAST) platform, into SAP's Sovereign Cloud Services (SCS).

The partnership will secure various SAP applications, from multi-tenant Platform-as-a-Service to single-tenant Software-as-a-Service solutions, including ARIBA, Business Technology Platform, Fieldglass, HANA Cloud, and S/4HANA Private Cloud Edition. The implementation aims to satisfy regional security requirements across Australia, Canada, United States, and United Kingdom.

Through automated scans and CI pipeline integration, SAP will ensure comprehensive security coverage across its global application portfolio, enabling improved security posture monitoring across different regions while maintaining low false positives.

SAP SE (NYSE: SAP) has announced its executive participation in an upcoming investor event. Muhammad Alam, SAP Product Engineering member and Executive Board member, will participate in a Fireside Chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, California.

The event is scheduled for March 4, 2025, from 3:20 PM to 3:55 PM PST (6:20 PM - 6:55 PM EST / 11:20 PM - 11:55 PM GMT / 12:20 AM - 12:55 AM CET on March 5). The session will be webcast, with a replay available afterward on the SAP Investor Relations website.

SAP SE has proposed a dividend of €2.35 per share for fiscal year 2024, representing a 6.8% increase from the previous year's €2.20. The total dividend distribution would amount to approximately €2.741 billion, with a pay-out ratio of 51.9%, up from 43.0% in 2023.

The dividend payment schedule includes a record date of May 13, 2025, an ex-dividend date of May 14, 2025, and a payment date of May 16, 2025. For ADR holders, the final dividend amount will depend on the euro/US dollar exchange rate at the time of conversion by the depositary bank.

The company maintains a dividend policy of distributing at least 40% of non-IFRS profit after tax from continuing operations to shareholders.

SAP SE (NYSE: SAP) has announced SAP Business Data Cloud, a revolutionary solution that unifies SAP and third-party data across organizations, created in partnership with Databricks. The solution integrates Databricks' technology for data engineering, machine learning, and AI workloads.

The platform introduces a data product economy, delivering fully-managed SAP data products across business processes from SAP S/4HANA, SAP Ariba, and SAP SuccessFactors. It will enhance Joule, SAP's generative AI copilot, by enabling AI agents to understand end-to-end processes and collaborate across functions.

SAP also unveiled ready-to-use Joule agents for finance, service, and sales, along with a new agent builder capability for customers to develop custom AI agents. The solution maintains data context and semantics, providing immediate access to high-quality data without costly extraction processes.

SAP SE has announced significant leadership changes effective February 1, 2025. Sebastian Steinhaeuser (39) will join the SAP Executive Board leading a new Strategy & Operations board area, while Thomas Saueressig's contract as Executive Board Member has been extended until 2028.

The company is forming an Extended Board including senior leaders across the organization, featuring new appointments: Philipp Herzig as global CTO and Chief AI Officer, and Jan Gilg and Emmanuel Raptopoulos as Co-CROs. The Extended Board will serve as a strategic advisory body driving SAP's AI-first, Suite-first strategy.

The new Strategy & Operations board area, combined with Global Marketing under new CMO Ada Agrait, aims to enhance strategy execution, simplify operations, and improve customer and partner digital experience. These organizational changes are designed to strengthen SAP's leadership structure and accelerate its transformation journey.

SAP reported strong financial results for Q4 and FY 2024, with cloud revenue growing 25% to €17.14 billion and total revenue up 10% to €34.18 billion. The company's current cloud backlog reached €18.1 billion, up 32%, while total cloud backlog grew to €63.3 billion, up 43%.

Key highlights include Cloud ERP Suite revenue increasing 33% and the share of more predictable revenue rising to 83%. While IFRS operating profit declined 20% due to restructuring expenses of €3.1 billion, non-IFRS operating profit increased 25% to €8.15 billion.

For 2025, SAP expects cloud revenue of €21.6-21.9 billion (26-28% growth), cloud and software revenue of €33.1-33.6 billion (11-13% growth), and non-IFRS operating profit of €10.3-10.6 billion. The company announced a transformation program to conclude in early 2025, with total restructuring costs estimated at €3.2 billion.

SmartRent Inc. (NYSE: SMRT) has appointed Michael Shane Paladin as its new President and Chief Executive Officer, effective February 24. As a veteran in SaaS and enterprise software with over two decades of experience, Paladin will lead SmartRent's executive team in advancing its market share and strategic vision in smart home technology for the rental housing industry.

Paladin most recently served as CEO of Siteimprove, where he successfully led a turnaround driving profitable growth and expanding product offerings. Previously, at SAP SE, he served as President of Services, managing a 19,000-person team and driving digital transformation. The appointment comes as SmartRent announces a $10M innovation investment to maintain its position as a leader in property technology.