SAP SE Sponsored ADR (SAP)
Levi & Korsinsky Reminds Shareholders of an Investigation into SAP SE (SAP) Regarding Potential Securities Fraud Allegations
NEW YORK, NY / ACCESSWIRE / October 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of SAP SE ("SAP SE") (NYSE:SAP) concerning possible violations of federal securities laws. On September 25, 2024, Bloomberg News reported that the U.S. Department of Justice was investigating SAP and other companies for potentially conspiring to overcharge U.S. government agencies over the course of a decade, by "fix[ing] prices on sales to the U.S. military and other parts of the government".
SAP Beats Q3 Expectations, Analysts Expect 'Big Cash-Flow Ramp In 2025'
Shares of SAP SE SAP continued to rise in early trading on Tuesday after the company reported its third-quarter results.
SAP Stock Hits Record High as Demand for Its Cloud Products Soars
American depositary receipts (ADRs) of SAP (SAP) traded at an all-time high Tuesday, a day after the German business software giant reported better-than-anticipated results and boosted its sales outlook on booming demand for its cloud products.
SAP's Q3 Earnings & Revenues Up Y/Y on Cloud Strength, Outlook Raised
SAP's Q3 2024 performance benefits from continued business momentum in its cloud offerings and AI innovations.
SAP: Solid Quarter And I Remain Buy Rated Given The Positive Outlook
SAP's 3Q24 results showed 10% y/y revenue growth, driven by 27% y/y cloud revenue growth and strong S/4 HANA migration traction. Management revised FY24 guidance upwards, expecting adj EBIT growth of 20-23% y/y and cloud/software revenue growth of 10-11% y/y. AI adoption is accelerating, with 20% of deals including premium AI features, enhancing SAP's cloud offerings and driving growth.
SAP boss warns against regulating AI, says Europe risks falling behind U.S., China
Christian Klein, head of German software giant SAP, says Europe risks falling behind the U.S. and China if it ends up overregulating the AI sector.
SAP overtakes ASML to become Europe's most valuable tech company
SAP has overtaken ASML to become Europe's most valuable technology company after a strong set of third-quarter results that saw the German software company lift its full-year outlook.
SAP Stock Climbs as Earnings Shine. Why That's Good News for IBM and Oracle.
Strong results and upbeat cloud business outlook point to a healthy sector and good things to come for Microsoft, Workday, and others.
AI boosts SAP as it upgrades full-year outlook
Shares in SAP jumped 5.5% in early trading after the German software giant raised its full-year outlook, driven by strong growth in its cloud business during the third quarter. Cloud revenue surged 27% to €4.35 billion, thanks in part to a 36% increase in sales of its Cloud ERP Suite.
SAP SE (SAP) Q3 2024 Earnings Call Transcript
SAP SE (NYSE:SAP ) Q3 2024 Earnings Conference Call October 21, 2024 5:00 PM ET Company Participants Alexandra Steiger - Global Head of Investor Relations Christian Klein - Chief Executive Officer Dominik Asam - Chief Financial Officer Conference Call Participants Michael Briest - UBS Limited Adam Wood - Morgan Stanley Frederic Boulan - Bank of America Jackson Ader - KeyBanc Capital Markets Mohammed Moawalla - Goldman Sachs Mark Moerdler - Bernstein Sven Merkt - Barclays Capital Toby Ogg - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the SAP Q3 2024 Earnings Conference Call.
SAP Stock Climbs On Raised 2024 Cloud, Software Outlook
SAP stock rose as the software maker reported Q3 profit above views and raised its 2024 outlook for cloud computing and software revenue.
Ives: SAP will be a foundational player in the AI market.
Daniel Ives, Managing Director of Equity Research at Wedbush Securities, anticipates strong SAP growth in AI as 45% of workloads shift to the cloud, viewing SAP's earnings as a key indicator for Amazon and Google amid rising enterprise spending on AI.
