SAP SE reports developments across enterprise application software, cloud ERP, business AI, and the platforms that connect core business processes. Company news commonly covers SAP Business Technology Platform, SAP Business Data Cloud, SAP Customer Experience, Joule agents, SAP Signavio, and RISE with SAP as they relate to finance, procurement, HR, supply chain, customer experience, and business transformation workflows.
Recurring updates also include strategic partnerships with cloud and technology providers, trusted cloud and sovereign cloud offerings, AI-enabled process automation, logistics execution through SAP Logistics Management, and robotics integration through SAP Embodied AI Service. Investor communications cover executive conference participation and operating themes tied to cloud adoption, enterprise AI, and customer transformation programs.
SAP SE announced its first quarter 2021 preliminary results, showing strong growth in cloud revenues, with a 13% increase at constant currencies. IFRS Cloud Revenue rose 7%, while Operating Profit decreased 21%. Non-IFRS metrics revealed a sharp 24% increase in Operating Profit, reflecting a healthier financial state. EPS increased significantly by 29% (IFRS) and 63% (Non-IFRS). The company raised its full-year outlook, anticipating continued cloud growth driven by 'RISE with SAP'. However, total revenue dipped 3% year-over-year, resulting in a 15% increase in current cloud backlog, totaling €7.63 billion.
SAP and Onapsis have released a cyber threat intelligence report detailing how unprotected SAP applications are targeted by malicious actors. Collaborating with the U.S. Department of Homeland Security and Germany's BSI, they urge organizations to apply existing SAP patches and secure configurations promptly. No breaches linked to this research have been reported, nor are there new vulnerabilities in SAP's cloud services. Organizations failing to address these issues risk data theft, operational disruptions, and regulatory compliance failures.
SAP SE (NYSE: SAP) has launched its new SAP Fieldglass Assignment Management solution to streamline the management of contractors in asset-intensive industries. This platform allows operational managers to efficiently assign and oversee projects across diverse workers and pay rates. With external labor constituting 42% of total workforce spending, this tool enhances visibility, flexibility, and compliance for organizations. It addresses complexities in contractor management, aiding in cost control and project efficiency.
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SAP SE (NYSE: SAP) announced that Capgemini has adopted its SAP Fieldglass Contingent Workforce Management and Services Procurement applications. This integration aims to enhance Capgemini's management of its contingent workforce, driving sustainable growth. The applications improve efficiency, agility, visibility, and transparency in workforce management, enabling better compliance and strategic decision-making. Capgemini's procurement team has automated and standardized the processes related to its external labor, increasing operational efficiency and providing insights into spend and market opportunities.
SAP SE (NYSE: SAP) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. The report is now accessible online. Additionally, SAP has released its Integrated Report 2020, which covers its social, environmental, and financial performance. Both reports can be found on SAP's Investor Relations website along with options to request hard copies of the financial statements. SAP continues to position itself as a leader in enterprise application software, emphasizing its commitment to helping businesses operate efficiently and effectively.
SAP SE (NYSE: SAP) announced that Luka Mucic, CFO, will present at the Morgan Stanley Technology, Media and Telecoms Conference on March 1, 2021, at 5:45 PM CET. A live audio webcast will be available on SAP's Investor Relations website for a limited time. SAP emphasizes its role in helping businesses operate as intelligent enterprises through technologies like machine learning and IoT, impacting 77% of global transaction revenue. SAP's forward-looking statements address potential risks and uncertainties affecting future financial results.
SAP SE (NYSE: SAP) announced a recommended dividend of €1.85 per share for fiscal year 2020, marking a 17% increase from the previous year. If approved, this would distribute approximately €2.18 billion to shareholders, with a payout ratio of 41%. The dividend is set for payment on or after May 18, 2021. CFO Luka Mucic emphasized strong financial performance despite 2020's challenges. The upcoming Annual General Meeting is scheduled for May 12, 2021, where two shareholder representatives will be elected.
According to a recent study by SAP and Oxford Economics, only 23% of procurement executives can view overall spend in real time, with 49% still relying on manual data analysis. The survey included 1,000 executives and highlights significant gaps in digital adoption. Notably, leaders in procurement achieve better operational efficiency and supplier performance through technology investments. However, 38% of executives still use manual processes. The study emphasizes the need for organizations to digitalize spend management and improve supplier collaboration for better business results.