Sap Se Stock Price, News & Analysis

SAP SE (NYSE: SAP) has expanded its strategic partnership with HP Inc. as HP invests in the RISE with SAP solution to bolster digital transformation, portfolio optimization, and operational efficiency. This solution will integrate hardware, software, and services to enhance workforce flexibility. SAP noted HP's early adoption of SAP S/4HANA as a model for business transformation. HP's investment will facilitate the expansion of SAP products aimed at improving process efficiency. SAP aims to empower businesses to operate as intelligent enterprises and drive innovation through advanced technologies like machine learning and IoT.

SAP SE (NYSE: SAP) reported its Q1 2023 financial results, highlighting a 24% increase in cloud revenue to €3.18 billion, driven by a 77% surge in S/4HANA cloud revenue to €716 million. The current cloud backlog rose 25% to €11.15 billion. While IFRS operating profit fell 45% to €803 million due to restructuring and compliance costs, non-IFRS operating profit increased by 12% to €1.87 billion. Earnings per share from continuing operations dropped 60% to €0.35. The financial outlook for 2023 anticipates cloud revenue growth of 23% to 26% and non-IFRS operating profit of €8.6 to €8.9 billion. Additionally, SAP is updating its guidance to reflect the anticipated divestiture of Qualtrics. The results reflect SAP's strategic transformation, focusing on cloud solutions.

SAP has committed to achieving net-zero emissions by 2030, aligning with global climate objectives set forth in the Paris Agreement. This commitment involves reducing emissions across its entire value chain, consistent with the guidance from the Science Based Targets initiative (SBTi). Over 1,800 companies have made similar pledges. The SBTi provides a framework for companies to establish credible, science-based targets aimed at limiting global warming to 1.5°C. Key emissions from operations (Scope 1), purchased energy (Scope 2), and indirect emissions (Scope 3) must be addressed. A critical challenge remains in effectively managing Scope 3 emissions. Achieving net-zero requires significant investments and collaboration, amidst an urgent global need for climate action, as indicated by the latest IPCC report showing a 1.1°C rise in global temperatures.

SAP SE (NYSE: SAP) announced on April 19, 2023, that AMD (NASDAQ: AMD) has successfully migrated to SAP S/4HANA® Cloud, marking a significant milestone in their long-standing partnership. This migration is integral to AMD's digital transformation strategy, consolidating their operations onto a single enterprise platform. AMD's use of SAP solutions like Ariba, Signavio, and SuccessFactors has driven this transition, aiming to enhance productivity and innovation. RISE with SAP will streamline AMD's infrastructure and support improvements in intelligent spending, human experience management, and digital supply chain capabilities. AMD aims to future-proof its business through this integration, leveraging exceptional performance from its EPYC™ server processors.

SAP has launched a new course titled Designing a Circular Economy on openSAP, aimed at addressing the urgent global waste crisis. Less than 8% of the 100 billion tons of materials consumed annually are reused, and the need for action is critical. This course emphasizes the importance of circular design in product development, which can significantly reduce environmental impacts. With new regulations pushing for a transition to a circular economy, the course will educate participants on redesigning products to eliminate waste and pollution. It kicks off on May 23, 2023, and is free for anyone interested. SAP aims to leverage technology to support businesses in adopting circular practices and achieving sustainability goals.