SAP Stock Drops. Price-Fixing Probe Report Fuels the Selloff.
The Justice Department is investigating the German software developer, according to a report.
SAP stock falls on report of U.S. probe
SAP shares slumped on Wednesday after a report it's the target of a probe into whether it and other companies overcharged U.S. government agencies.
SAP Probed by US Officials Over Potential Price-Fixing
German software developer SAP, product reseller Carahsoft Technology and other companies are being probed by US officials for potentially conspiring to overcharge government agencies over the course of a decade. Bloomberg's Oliver Crook reports.
SAP Concludes Buyout of Israel-Based WalkMe for $1.5 Billion
SAP SE SAP has acquired WalkMe Ltd. for approximately $1.5 billion.
SAP Stock Surges 37% Year to Date: Will the Rally Continue?
SAP's performance is driven by strengthening cloud business. Global macroeconomic weakness and tough competition in the cloud space are concerns.
Israel's Nice names SAP's Russell as CEO, Q2 profit tops estimates
Israeli cloud-based software provider Nice on Thursday tapped SAP executive Scott Russell as its new chief executive, replacing Barak Eilam who is stepping down at the end of the year after a decade as CEO.
SAP Stock Up 50% in the Past Year: Will the Momentum Last?
SAP's performance is driven by continued strength in its cloud business. However, global macroeconomic weakness and tough competition in the cloud space remain concerning.
SAP: Demand Backdrop Remains Solid
SAP's 2Q24 results show strong revenue growth of 10% on a constant currency basis, driven by solid cloud revenue growth and AI adoption. Margins are improving with EBIT margin increasing from 19.1% to 23.4%. Target price for SAP is EUR309 based on FY26 estimates, with expectations of low-teens growth fueled by cloud revenue momentum and AI adoption.
SAP's Q2 Earnings & Revenues Increase Y/Y on Cloud Momentum
SAP's Q2 2024 performance benefits from continued strength in its cloud business coupled with AI-driven strategic transformation initiatives.
SAP Stock Surges After Earnings Beat. How It's Outshining U.S. Software Peers.
The German giant bucked a trend of downbeat reports from the sector as it raised profit guidance.
SAP shares at all-time high after adjusted profit beats market view
Shares in SAP rose as much as 7% to reach an all-time high on Tuesday after Europe's largest software maker reported better-than-expected quarterly operating income, buoyed by revenue growth and intensified cost-cutting.
SAP: AI-Focused Restructuring to Add €200 Million to Bottom Line
Seven months after launching an artificial intelligence (AI)-focused restructuring program, SAP said Monday (July 22) that it has raised its 2025 operating profit ambition to reflect the efficiency gains it expects to see from that program.
