SAP SE Sponsored ADR (SAP)
SAP faces US probe over alleged price fixing
SAP shares fell in early trade on Wednesday following reports the German tech firm is being investigated for alleged price fixing for technology sold to the US government over the last decade. US regulators are investigating if SAP worked with its product reseller Carahsoft to fix prices.
Asam: I'm not aware of any criminal investigations into SAP at present, We're cooperating with DOJ
Dominik Asam, CFO at SAP, calls for balanced regulation in AI, privacy, and decarbonization, cautioning against over-regulation in Europe. He also addresses a U.S. investigation into SAP, stating that the company is fully cooperating with authorities.
SAP Is Reportedly Under Investigation by DOJ for Price Fixing
U.S.-listed shares of German software maker SAP (SAP) lost ground in pre-market trading Wednesday following a report it is among a group of companies being investigated for potentially overcharging the U.S. government.
SAP Price Fixing Probe: Why Is Germany's Most Valuable Firm Being Investigated by DOJ?
Since at least 2022, US Justice Department lawyers have been looking at whether SAP - which makes accounting, human resources, supply chain and other business software used across the globe – illegally conspired with product reseller Carahsoft Technology to fix prices on sales to the US military and other parts of the government, according to federal court records filed in Baltimore. Karin Matussek explains how Bloomberg broke the news.
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.
