Sap Se Stock Price, News & Analysis

SAP SE announced the appointment of Sabine Bendiek, former Microsoft Germany Management Board Chairwoman, to the Executive Board as Chief People Officer and Labor Director starting early 2021. Bendiek will lead SAP's Human Resources and strategy to attract top talent while fostering a culture of inclusion and agility. She will also assume the role of Chief Operating Officer in mid-2021, becoming SAP's first to hold both positions. Bendiek has a strong track record in digital transformation, overseeing a 50% cloud growth at Microsoft Germany in 2020.

SAP SE (NYSE: SAP) announced that companies like Cynosure LLC and FMC Corporation have adopted SAP SuccessFactors solutions amidst the global pandemic. Over 400 organizations went live with these solutions in the first half of 2020. Jill Popelka, president of SAP SuccessFactors, emphasized the importance of prioritizing employee experience, with 43% of Fortune 500 companies utilizing these solutions to navigate business challenges effectively.

Vistex, Inc. announced an equity investment from SAP SE on August 4, 2020, enhancing their 16-year partnership. This investment aims to accelerate innovation within SAP's ecosystem, benefiting customers with improved solutions. Vistex's software manages essential business processes including pricing and incentives, and integrates with SAP Business Suite and SAP S/4HANA. The companies aim to enhance cloud solutions and provide significant continuity for customers. This partnership reflects SAP's commitment to its partner network, poised to drive further customer success.

SAP SE (NYSE: SAP) reported strong growth in its procurement solutions, with over 70 new customers and 245 renewals in Q2 2020. Notable clients include Carrefour and NEC. The company emphasized the importance of digitalization for business continuity during economic uncertainty. SAP's solutions, Ariba and Fieldglass, are being adopted by significant players like Indelpro and MOL Plc, highlighting their role in enhancing supply chain management and cost efficiency. SAP's strong partner ecosystem facilitated successful implementations, showcasing the ongoing demand for digital procurement solutions.

SAP SE and E.ON SE have announced a partnership to develop a new platform utilizing SAP S/4HANA for E.ON's network operations. This collaboration aims to enhance billing processes and improve information exchange among energy market participants in Germany. As E.ON integrates Innogy SE, the new platform will standardize processes across its subsidiaries, promoting efficiency and cost reduction, with anticipated savings exceeding 40% long-term. The project is expected to yield initial benefits by mid-2022, facilitating compliance with regulatory requirements while fostering innovation.

SAP SE reported strong Q2 2020 results, with IFRS Cloud Revenue up 21% to €2.04 billion. Non-IFRS EPS rose 7% to €1.17, while operating cash flow surged 41% to €3.77 billion. Cloud gross margin increased to 66% and the share of predictable revenue reached 73%. However, software licenses revenue decreased 18% year-over-year to €0.77 billion. The company confirmed its 2020 outlook, projecting non-IFRS cloud revenue between €8.3 billion and €8.7 billion. SAP is also set to take Qualtrics public through an IPO, retaining majority ownership.

SAP SE (NYSE: SAP) announced its plan to take Qualtrics public through an IPO in the U.S. SAP intends to maintain majority ownership while enhancing Qualtrics' ability to grow within the Experience Management market. CEO Christian Klein noted that Qualtrics has seen over 40% cloud growth in 2019, promising strong performance. The IPO aims to provide Qualtrics with greater autonomy for expansion and innovation. Final decisions on the IPO are pending market conditions, but SAP does not expect the transaction to impact its 2020 financial targets.

SAP SE (NYSE: SAP) has announced an enhanced portfolio for its SAP® Training and Adoption initiative, aimed at supporting digital learning and software adoption. The updated offerings allow users to learn flexibly on their own schedule, fostering employee success and improving business outcomes. With a comprehensive range of training solutions for SAP products, the initiative aims to boost employee productivity and engagement. Notably, it boasts proven business impacts, such as a 671% ROI over three years and a 15% increase in user satisfaction.