Siemens and SAP CEOs have urged the European Union to revise its artificial intelligence legislation, saying the current rules stifle innovation.
The CEO of SAP, Christian Klein, says there is "not so much demand" for data centers in Europe, and that the continent should focus on winning the artificial intelligence software race. He speaks to Bloomberg's Tom Mackenzie at the software company's headquarters in Walldorf, Germany.
German company SAP went from software provider to the IT engine driving global business. Bloomberg's Tom Mackenzie breaks down SAP's rise to Europe's most valuable company.
SAP SE has reinvented itself with aggressive cloud investments, driving double-digit revenue growth and a 60% surge in operating profit. The new Business Data Cloud and AI partnership with Mistral and Capgemini position SAP for long-term growth, especially in regulated industries. SAP's premium valuation is justified by its growth, profitability, and momentum compared to peers like Microsoft, Oracle, and Salesforce.
The number of new jobs created in May slowed to 139,000, a sign the Trump trade wars are starting to make a dent in a resilient U.S. labor market that's been a bedrock of the economy.
SAP SE (NYSE:SAP ) BNP Paribas Exane 27th CEO Conference Call June 3, 2025 5:45 AM ET Company Participants Christian Klein - Chief Executive Officer Conference Call Participants Unidentified Analyst - BNP Paribas Exane Unidentified Analyst Okay. In the interest of time, we'll get started just while the last few seats are filled.
French IT firm Capgemini said on Monday it was partnering with Germany's SAP to deploy custom Mistral AI solutions for sensitive industries.
The collaboration will help businesses streamline systems, processes and operations using generative AI, Capgemini said.
SAP SE (NYSE:SAP ) Annual Financial Analyst Conference May 21, 2025 9:00 AM ET Company Participants Alexandra Steiger - Global Head of Investors Relations Christian Klein - Chief Executive Officer Muhammad Alam - Executive Board Member Product & Engineering Sebastian Steinhaeuser - Chief Operating Officer Gina Vargiu-Breuer - Chief People Officer and Labor Director Dominik Asam - Chief Financial Office Thomas Saueressig - Customer Services & Delivery and Member of Executive Board Elizabeth Hackenson - Chief Information Officer, Schneider Electric Conference Call Participants Mohammed Moawalla - Goldman Sachs Michael Turrin - Wells Fargo Securities Michael Briest - UBS Toby Ogg - JPMorgan Sven Merkt - Barclays Frederic Boulan - Bank of America Securities Charlie Brennan - Jefferies Johannes Schaller - Deutsche Bank Alexandra Steiger Hi. Good afternoon, everyone, and thank you for joining us at our Annual Financial Analyst Conference.
SAP's performance is driven by its strengthening cloud business. Global macroeconomic weakness and tough competition in the cloud space are concerning.
SAP and Accenture jointly launch ADVANCE, offering an accelerated and strategic pathway to the cloud for businesses with annual revenues of up to $5 billion.
SAP delivered solid Q1 results with €9.01bn revenue (+12% YoY) and cloud revenue up 27%, now over 40% of total revenue. Operating profit jumped 60% YoY due to tight cost control; management remains confident, but guidance feels conservative. Key growth drivers: S/4HANA Cloud, Business Technology Platform, and AI integration (Joule), despite competition and slow European cloud adoption.