SAP SE Sponsored ADR (SAP)
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.
SAP SE (SAP) Q2 2024 Earnings Call Transcript
SAP SE (NYSE:SAP ) Q2 2024 Earnings Conference Call July 22, 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 Mark Moerdler - Sanford C. Bernstein & Co. LLC Adam Wood - Morgan Stanley Michael Briest - UBS Limited Mohammed Moawalla - Goldman Sachs Jackson Ader - KeyBanc Capital Markets Toby Ogg - JPMorgan Charles Brennan - Jefferies Frederic Boulan - Bank of America Sven Merkt - Barclays Capital Balajee Tirupati - Citi Investment Research Ben Castillo-Bernaus - Exane BNP Paribas Johannes Schaller - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by.
German software maker SAP's quarterly cloud revenue soars
Europe's largest software maker SAP reported a 25% jump in second-quarter cloud revenue to 4.15 billion euros ($4.52 billion) on Monday, helped by demand for its business planning software.
SAP Set to Report Q2 Earnings: Here's What You Should Know
SAP's second-quarter performance is expected to have been cushioned by steady momentum in cloud business amid prevailing global macroeconomic challenges.
SAP Stock Surges 31.4% Year to Date: 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 concerns.
SAP Set to Acquire Israel-based WalkMe in Deal Worth $1.5B
SAP SE (SAP) announces acquisition of Israel-based WalkMe in an all-cash deal worth $1.5 billion. The acquisition, subject to customary closing conditions, is expected to be closed in the third quarter of 2024.
SAP to Add Digital Adoption Platforms With WalkMe Acquisition
SAP plans to acquire WalkMe to add that company's digital adoption platforms (DAPs) and expand its own solutions that help customers on their digital transformation journeys.
