SAP SE operates as an enterprise application software company worldwide. The company operates through four segments: Applications, Technology & Support; Concur; Qualtrics; and Services. It offers SAP S/4HANA, an enterprise resource planning suite for intelligent technologies; SAP Integrated Business Planning for Supply Chain, a cloud-based solution that delivers real-time supply chain planning capabilities; SAP Intelligent Asset Management, a solution that helps to define, plan, and monitor service and maintenance strategy; SAP SuccessFactors Human Experience Management Suite, a cloud software that helps to develop, manage, and engage people; SAP Ariba, a digital business-to-business marketplace; SAP Concur, a travel and expense management software; and SAP Fieldglass, a cloud application for services procurement and contingent workforce management. The company also provides SAP solutions for enterprise information management that offers capabilities to understand, integrate, cleanse, manage, associate, and archive data; SAP HANA and SAP HANA Cloud, which enables businesses to process and analyze live data; SAP Analytics Cloud, a cloud analytics solution; SAP BusinessObjects Business Intelligence, a suite of flexible and scalable self-service BI tools; SAP Data Warehouse Cloud, a cloud data warehouse solution for business and IT users; and SAP BW/4HANA, an on-premise data warehouse solution. In addition, it offers SAP Integration Suite that help customers with holistic integration, and API-based and event-based integrations; SAP Extension Suite that provides ready-to-use services to accelerate and develop application extensions; SAP Internet of Things, a cloud solution that generates business outcomes; and SAP Intelligent Robotic Process Automation, a software robot to mimic human actions and responses. SAP SE was founded in 1972 and is headquartered in Walldorf, Germany.
IPO Year:
Exchange: NYSE
Website: sap.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | $240.00 → $305.00 | Hold → Buy | TD Cowen |
| 1/15/2025 | Hold → Buy | Kepler | |
| 10/22/2024 | $248.00 → $265.00 | Outperform | BMO Capital Markets |
| 10/16/2024 | Neutral → Buy | Cleveland Research | |
| 7/31/2024 | Hold → Buy | Argus | |
| 6/28/2024 | $218.00 → $237.00 | Market Perform → Outperform | BMO Capital Markets |
| 5/23/2024 | $227.00 | Outperform | Bernstein |
| 4/26/2024 | $215.00 → $218.00 | Market Perform | BMO Capital Markets |
| 3/21/2024 | Overweight | KeyBanc Capital Markets | |
| 2/2/2024 | Hold → Buy | Jefferies |
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3 - SAP SE (0001000184) (Reporting)
TD Cowen upgraded SAP SE from Hold to Buy and set a new price target of $305.00 from $240.00 previously
Kepler upgraded SAP SE from Hold to Buy
BMO Capital Markets reiterated coverage of SAP SE with a rating of Outperform and set a new price target of $265.00 from $248.00 previously
Cleveland Research upgraded SAP SE from Neutral to Buy
Argus upgraded SAP SE from Hold to Buy
BMO Capital Markets upgraded SAP SE from Market Perform to Outperform and set a new price target of $237.00 from $218.00 previously
Bernstein initiated coverage of SAP SE with a rating of Outperform and set a new price target of $227.00
BMO Capital Markets reiterated coverage of SAP SE with a rating of Market Perform and set a new price target of $218.00 from $215.00 previously
KeyBanc Capital Markets initiated coverage of SAP SE with a rating of Overweight
Jefferies upgraded SAP SE from Hold to Buy
Current cloud backlog of €15.4 billion, up 25% and up 29% at constant currenciesCloud revenue up 25% and up 27% at constant currenciesCloud ERP Suite revenue up 34% and up 36% at constant currenciesTotal revenue up 9% and up 10% at constant currenciesIFRS cloud gross profit up 26%, non-IFRS cloud gross profit up 27% and up 28% at constant currenciesIFRS operating profit up 29%, non-IFRS operating profit up 27% and up 28% at constant currenciesSAP raises its 2024 outlook for cloud and software revenue, operating profit and free cash flowWALLDORF, Germany, Oct. 21, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for the third quarter ended September 30, 2024.
Current cloud backlog of €14.8 billion, up 28%, both at nominal and constant currenciesCloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currenciesTotal revenue up 10%, both at nominal and constant currenciesIFRS cloud gross profit up 29%, non-IFRS cloud gross profit up 28% and up 29% at constant currenciesIFRS operating profit down 11% due to restructuring expenses of €0.6 billion. Non-IFRS operating profit up 33% and up 35% at constant currencies2024 financial outlook reiterated. 2025 operating profit ambition increased to reflect anticipated incremental efficiency gains from expanded transformation programWALLDORF, Germany, July 22, 2024
Cloud revenue up 24% and up 25% at constant currencies, supported by 32% Cloud ERP Suite revenue growth at constant currenciesCurrent cloud backlog of €14.2 billion, up 27% and up 28% at constant currenciesIFRS cloud gross profit up 27%, non-IFRS cloud gross profit up 27% and up 28% at constant currenciesIFRS operating loss of –€0.8 billion due to a €2.2 billion restructuring provisionNon-IFRS operating profit up 16% and up 19% at constant currencies even including higher share-based compensation resulting from strong share price increaseOutlook 2024 reaffirmedWALLDORF, Germany, April 22, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for the first quarter ended
Candidates for Shareholder Representative Elections Announced WALLDORF, Germany, Feb. 21, 2024 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE:SAP) recommend that shareholders approve a dividend of €2.20 per share for fiscal year 2023. This is an increase of €0.15, or 7.3% compared to the dividend paid for fiscal year 2022. If approved by shareholders and assuming the same level of treasury shares as at December 31, 2023, the total amount distributed in dividends would be approximately €2.568 billion (2022: €2.393 billion), representing a pay-out ratio of 43.1% (2022: 139.6%).
in € millions, unless otherwise stated; based on SAP group results from continuing operations SAP exceeds non-IFRS operating profit and cash flow outlook for FY 2023Cloud revenue up 20% and up 23% at constant currencies for FY 2023, underpinned by 25% cloud revenue growth at constant currencies in the fourth quarterCurrent cloud backlog of €13.7 billion, up 25% and up 27% at constant currenciesIFRS cloud gross profit up 23%, non-IFRS cloud gross profit up 23% and up 27% at constant currencies in FY 2023IFRS operating profit down 5%, non-IFRS operating profit up 9% and up 13% at constant currencies in FY 20232024 outlook anticipates accelerating cloud revenue growthPlanned transformation prog
in € millions, unless otherwise stated; based on SAP group results from continuing operations Cloud revenue up 19% and up 22% at constant currencies. SAP S/4HANA cloud revenue up 74% and accelerates to 79% at constant currenciesCurrent cloud backlog up 21% and up 25% constant currenciesIFRS cloud gross profit up 20%, non-IFRS cloud gross profit up 20% and up 24% at constant currencies, supported by completion of SAP's next-generation cloud delivery programIFRS operating profit up 28%, non-IFRS operating profit up 23% and up 28% at constant currenciesSAP updates its 2023 revenue and operating profit outlookExpands market opportunity through new SAP Business AI and premium AI offeringsWALLDORF
WALLDORF, Germany, June 28, 2023 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that Silver Lake Management, the global leader in technology investing, and its co-investors along with the Canada Pension Plan Investment Board (CPPIB), have completed the acquisition of all the issued and outstanding shares of Qualtrics, including all shares owned by SAP, at a purchase price of US$18.15 in cash per share. SAP will remain a close go-to-market and technology partner to Qualtrics, servicing joint customers and continuing to contribute to their success. Visit the SAP News Center.
WALLDORF, Germany, May 16, 2023 /PRNewswire/ -- Today at SAP Sapphire in Orlando SAP SE (NYSE:SAP) announced an update of its mid-term financial Ambition 2025 as well as a new share repurchase program with a volume of up to €5 billion. Ambition 2025 UpdateSAP's Ambition 2025 update demonstrates SAP's strong cloud momentum, with a cloud revenue ambition of more than €21.5bn excluding Qualtrics. The updated ambition reflects the expected divestiture of Qualtrics (NASDAQ:XM) as well as an update on the expected 2025 performance of SAP's continuing operations. This update on SAP's
Unless otherwise stated, all figures in this statement are based on SAP group results from continuing operations. Cloud revenue up 24% and up 22% at constant currencies, up 1 percentage point sequentially. S/4HANA cloud revenue up 77% and up 75% at constant currenciesCurrent cloud backlog up 25%, both at nominal and constant currencies, a sequential growth improvement of 1 percentage pointIFRS cloud gross profit up 28%, non-IFRS cloud gross profit up 28% and up 27 % at constant currencies fueling double-digit non-IFRS operating profit growthIFRS operating profit down 45%, non-IFRS operating profit up 12% and up 12% at constant currencies2023 outlook updated to reflect the expected Qualtrics
Annual General Meeting of Shareholders to Be Held as Physical Event SAP Supervisory Board Proposes Changes to Executive Compensation SystemWALLDORF, Germany, Feb. 22, 2023 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE:SAP) have decided to recommend that shareholders approve a dividend of €2.05 per share for fiscal year 2022. This is an increase of €0.10, or 5% compared to the regular dividend paid for fiscal year 2021. The dividend for 2021 consisted of a regular dividend of €1.95 and a special dividend of €0.50 in celebration of SAP SE's 50th anniversary for a total dividend of €2.45. If approved by shareholders and assuming the same level of treasury shares, the
New offering designed to move SAP S/4HANA workloads from IBM Power Systems on-premises to cloud within 90 days IBM realized 30% reduction in infrastructure costs and related operations over 18 months in RISE with SAP modernization project supporting 150,000 ERP users ARMONK, N.Y. and WALLDORF, Germany, Jan. 7, 2025 /PRNewswire/ -- Today, IBM (NYSE:IBM) and SAP SE (NYSE:SAP) announced the upcoming release of RISE with SAP on IBM Power Virtual Server, designed to make it the fastest and easiest path for IBM Power customers to accelerate their ERP transformation. Together, IBM and SAP aim to help organizations more seamlessly transition and modernize their on-premises ERP environments to the
GROW with SAP in AWS Marketplace to help customers rapidly adopt Cloud ERP and innovate with advanced generative AI solutions At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), and SAP SE (NYSE:SAP) today announced GROW with SAP on AWS, which will allow customers of all sizes to rapidly deploy SAP's enterprise resource planning (ERP) solution while leveraging the reliability, security, and scalability of the world's most broadly adopted cloud. The collaboration will simplify and accelerate the adoption of SAP S/4HANA Cloud Public Edition and unlock new generative artificial intelligence (AI)-powered innovation for customers. This expands on the t
WALLDORF, Germany, Nov. 12, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced the participation of its executives at the following events. These events will be webcast, and a replay will be made available shortly after the events on the SAP Investor Relations website: https://www.sap.com/investors/en/calendar.html Morgan Stanley, European Tech, Media & Telecom ConferenceBarcelona, SpainDominik Asam, CFO and member of the SAP Executive Board will hold a Fireside Chat at the event.Wednesday, November 20, 2024 10.40 am – 11.20 am CET9.40 pm – 10.20 pm GMT4.40 am – 5.20
Current cloud backlog of €15.4 billion, up 25% and up 29% at constant currenciesCloud revenue up 25% and up 27% at constant currenciesCloud ERP Suite revenue up 34% and up 36% at constant currenciesTotal revenue up 9% and up 10% at constant currenciesIFRS cloud gross profit up 26%, non-IFRS cloud gross profit up 27% and up 28% at constant currenciesIFRS operating profit up 29%, non-IFRS operating profit up 27% and up 28% at constant currenciesSAP raises its 2024 outlook for cloud and software revenue, operating profit and free cash flowWALLDORF, Germany, Oct. 21, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for the third quarter ended September 30, 2024.
Innovations at TechEd 2024 Showcase SAP's Vast Collection of Business AI Game-Changers, from Collaborative Agents to Knowledge Graph Capabilities and Generative AI Developer Features in SAP Build WALLDORF, Germany, Oct. 8, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) today unveiled groundbreaking AI innovations across a technology foundation that drives 87% of global commerce, putting its generative AI copilot Joule at the center of a new way of doing business. At its annual SAP TechEd conference, SAP announced powerful new capabilities that complement and extend Joule, including collaborative AI agents imbued with custom skills to complete complex cross-disciplinary tasks. Other innovations inclu
SAN FRANCISCO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Gainsight, the world's leading customer success platform, today announced a strategic partnership with SAP, delivering a powerful integration between Gainsight CS and SAP Sales Cloud. The integration will help businesses transform how they deliver value-driven customer experiences at scale to maximize customer retention and revenue growth. Gainsight CEO Nick Mehta and President and COO Chuck Ganapathi, along with SAP's Senior Vice President, SAP CX Solution Management, Nitin Badjatia, will discuss the partnership during SAP's CX Live Event happening today. The handoff between pre- and post-sales remains a persistent challenge in driving lo
WALLDORF, Sept. 12, 2024 (GLOBE NEWSWIRE) -- SAP SE (NYSE:SAP) today announced it has successfully completed its acquisition of WalkMe Ltd., a leading digital adoption platform company listed on the Nasdaq Global Select Market (NASDAQ:WKME). WalkMe's innovative technology enables seamless workflow execution across business software applications, improving user experience and adoption and supporting business transformation. WalkeMeX's AI capabilities will supercharge SAP's copilot Joule with context-aware and proactive help across workflows, allowing users to become more productive. As a result of the acquisition, each ordinary issued and outstanding share of WalkMe Ltd. has been converted
WALLDORF, Germany, Sept. 4, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced the participation of its executives at the following event. This event will be webcast, and a replay will be made available shortly after the event on the SAP Investor Relations website: https://www.sap.com/investors/en/calendar.html Goldman Sachs, Communacopia & Technology Conference San Francisco, California, US Dominik Asam, CFO and member of the SAP Executive Board will hold a Fireside Chat at the event. Tuesday, September 10, 2024 5.50 pm – 6.25 pm CEST 4.50 pm – 5.25 pm BST 11.50 am –
WALLDORF, Germany, Sept. 3, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that the SAP Supervisory Board has reached a mutual agreement with Chief Technology Officer and Executive Board Member Dr.-Ing. Jürgen Müller to leave the company's Executive Board, effective September 30, 2024. Müller stated: "I want to address an incident at a past company event where my behavior was inappropriate. I regret being inconsiderate and sincerely apologize to everyone affected. I recognize my behavior at that moment did not reflect our values at SAP. I take full responsibility and
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley
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USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley
WALLDORF, Germany, July 30, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that the SAP Supervisory Board has reached a mutual agreement with Executive Board members Scott Russell and Julia White to leave the company's Executive Board, effective August 31st. Chief Revenue Officer Scott Russell has played a central role in helping SAP customers around the world on their journey to the cloud. His success gives SAP the opportunity to develop the full potential of the company's best-of-suite offering, ensuring customers take advantage of SAP's solutions to maximize agili
WALLDORF, Germany, June 5, 2024 /PRNewswire/ -- SAP SE (NYSE:SAP) and WalkMe Ltd. (NASDAQ:WKME) announced today that the companies have entered into a definitive agreement under which SAP will acquire WalkMe, a leader in digital adoption platforms (DAPs). WalkMe's solutions help organizations navigate constant technology change by providing users with advanced guidance and automation features that enable them to execute workflows seamlessly across any number of applications. This results in higher adoption of the underlying application and as such drives value realization. The
WALLDORF, Germany, Sept. 1, 2023 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced the appointment of Walter Sun as Global Head of Artificial Intelligence. Sun joins SAP on September 1 from his current role as vice president of Copilot Applied Artificial Intelligence for business applications at Microsoft. With a proven track record of driving technological innovation and strategic business leadership, Sun will play a pivotal role in strengthening SAP's pioneering vision of relevant, reliable and responsible AI built for business. "We are thrilled to welcome Walter Sun, a lead
WALLDORF, Germany, Aug. 29, 2023 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that Gina Vargiu-Breuer (48) has been appointed to the Executive Board of SAP as Chief People Officer and labor director, effective from February 1, 2024. She will succeed Sabine Bendiek, who will be leaving the company by her own request on December 31, 2023. In her new role, Vargiu-Breuer will lead the HR organization and continue to drive the transformation of SAP's HR strategy. This includes creating an even more powerful growth and learning environment at SAP that enables inclusion, diversi
CHICAGO, April 05, 2023 (GLOBE NEWSWIRE) -- Leading supply chain visibility company FourKites today announced the appointment of Rocky Subramanian as President, effective immediately. Widely respected as a trusted advisor to leaders executing complex digital transformation at organizations of all sizes, Subramanian will work alongside CEO Mathew Elenjickal to drive the company's strategy, growth and customer success globally. "As our new President, Rocky will be key to taking FourKites to the next level," said Elenjickal. "He has a proven track record in delivering big wins for customers, building world-class teams, championing workplace diversity and culture, scaling processes and growin