SAP's Q4 2024 results gain from robust growth across its cloud and AI-driven offerings. The revised outlook for 2025 succeeds its former Ambition 2025 goals.
SAP SE (NYSE:SAP ) Q4 2024 Earnings Conference Call January 28, 2024 1:00 AM ET Company Participants Alexandra Steiger - Global Head of Investor Relations Christian Klein - Chief Executive Officer Dominik Asam - Chief Financial Officer Conference Call Participants Adam Wood - Morgan Stanley Jackson Ader - KeyBanc Capital Markets Johannes Schaller - Deutsche Bank Mohammed Moawalla - Goldman Sachs Sven Merkt - Barclays Capital Toby Ogg - JPMorgan Frederic Boulan - Bank of America Mark Moerdler - Bernstein Michael Briest - UBS Limited Operator Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the SAP Q4 2024 Earnings Conference Call.
SAP said on Tuesday that the prospect of cheaper and more energy-efficient artificial intelligence models, presaged by China's DeepSeek model, bodes well for growing demand for SAP's AI services.
SAP , Europe's largest software maker, said on Tuesday it was more optimistic about its financial results this year due to accelerating growth in revenue form cloud computing.
SAP's fourth-quarter performance is expected to have been cushioned by steady momentum in cloud business amid prevailing global macroeconomic turbulence.
SAP and Qualtrics announced a partnership to enhance employee experiences by combining SAP SuccessFactors with Qualtrics XM for Employee Experience.
SAP CEO Christian Klein says he would “absolutely support” a Stargate project for Europe.
Shares of SAP SE NYSE: SAP, the German software giant, have had an incredible run over the past couple of years. The rally that started in late 2022 has shown no signs of slowing down, with shares gaining 230% since then, including a 75% surge last year alone.
SAP's RISE with SAP on IBM Power Virtual Server will be available in the second quarter of 2025, featuring a customized investment program from IBM.
Global enterprise software giant SAP SE NYSE: SAP has been scratching at all-time highs as its business gets lifted by artificial intelligence (AI) tailwinds. SAP is an acronym for Systems, Applications, and Products in Data Processing.
Loop Earplugs deploys SAP S/4HANA Cloud Public Edition, using its scalable and future-proof architecture to support its global growth ambitions.
SAP's performance is driven by strengthening cloud business. Global macroeconomic weakness and tough competition in the cloud space are concerns.