Until now, CHROs have been told that AI is transformational, but without solid proofThat's finally changing, as Josh Bersin Company analysis of global SAP HR AI engagements reveals solid benefitsAnalysis strengthens the case for AI not as a job destroyer, but as a catalyst for a new breed of highly effective and productive AI-powered "superworkers"OAKLAND, Calif., March 7, 2025 /PRNewswire/ -- The Josh Bersin Company, the world's most trusted HR advisory firm, today unveils key insights into the real impact of Artificial Intelligence (AI) in HR—going beyond the usual headlines focused solely on time-saving benefits.

TORONTO, March 3, 2025 /CNW/ -- SAP Canada today announced the general availability of SAP Sovereign Cloud capabilities, designed to meet the heightened demand for operational, technical, legal and data sovereignty, security, and compliance among Canadian organizations. This offering addresses the critical security requirements of businesses, enabling them to fully leverage the advantages of the cloud while maintaining autonomy and control over their data. With the Government of Canada's cloud-smart strategy and Canada's strict data sovereignty laws, SAP Sovereign Cloud direct

WALLDORF, Germany, Feb. 27, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that it has filed the SAP Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC), and it is accessible online at https://www.sap.com/investors/sap-2024-annual-report-form-20f. SAP also announced that the SAP Integrated Report 2024 is now available and accessible online at https://www.sapintegratedreport.com. This year's sustainability information in the report is prepared in line with the requirements of the Corporate Sustainabilit

PortSwigger, a renowned application security software provider, is pleased to announce a partnership with SAP, a global leader in enterprise software solutions. This partnership aims to bolster SAP's web application security posture and protect its various online services by ensuring they meet global security standards. SAP Sovereign Cloud Services (SCS) will leverage Burp Suite Enterprise Edition, PortSwigger's best-in-class Dynamic Application Security Testing (DAST) platform, to secure SAP's web applications from multi-tenant Platform-as-a-Service (PAAS) to single tenant Software-as-a-Service (SAAS) solutions, including: ARIBA Business Technology Platform (BTP) Fieldglass G

WALLDORF, Germany, Feb. 20, 2025 /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 events on the SAP Investor Relations website: https://www.sap.com/investors/en/calendar.html Morgan Stanley Technology, Media & Telecom ConferenceSan Francisco, California, US Muhammad Alam, SAP Product Engineering and member of the SAP Executive Board will hold a Fireside Chat at the event. The event will take place on Tuesday, March 4, 2025, at 3:20 pm –

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE:SAP) recommend that shareholders approve a dividend of €2.35 per share for fiscal year 2024. This is an increase of €0.15, or 6.8% compared to the dividend paid for fiscal year 2023 (€2.20). If approved by shareholders and assuming the same level of treasury shares at the time of SAP SE's Annual General Meeting of Shareholders on May 13, 2025, and as at December 31, 2024, the total amount distributed in dividends would be approximately €2.741 billion (2023: €2.565 billion), representing a pay-out ratio of 51.9% (2023: 43.0%). 

Landmark Collaboration Redefines Enterprise Data Management and Unleashes the Full Potential of Agentic AI NEW YORK, Feb. 13, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced SAP Business Data Cloud, a groundbreaking solution that unifies all SAP and third-party data throughout an organization, providing the trusted data foundation organizations need to make more impactful decisions and foster reliable AI. The solution harmonizes data from organizations' most mission-critical applications with data engineering and business analytics capabilities, paving the way for next-level innovation and insights.

New Extended Board, including Chief Technology Officer (CTO) and Chief Revenue Officers (CROs), will further enhance efficiency and accelerate transformation.  WALLDORF, Germany, Jan. 28, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that Sebastian Steinhaeuser (39) has been appointed to join the SAP Executive Board. He will lead a newly formed board area called Strategy & Operations, continuing to support the execution of SAP's strategy and driving simplification in operations. The SAP Supervisory Board also extended the contract of Executive Board Member Thomas Saueressig, head of Customer Services & Delivery, for another three years until 2028.

SAP meets or exceeds all financial outlook parameters for FY2024Current cloud backlog of €18.1 billion, up 32% and up 29% at constant currenciesTotal cloud backlog of €63.3 billion, up 43% and up 40% at constant currenciesCloud revenue up 25% and up 26% at constant currencies in FY2024Cloud ERP Suite revenue up 33% and up 34% at constant currencies in FY2024Total revenue up 10% and up 10% at constant currencies in FY2024IFRS operating profit down 20%, non-IFRS operating profit up 25% and up 26% at constant currencies in FY20242025 outlook anticipates accelerating cloud revenue growthWALLDORF, Germany, Jan. 28, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for t

Transformative Leader and SaaS Veteran to Drive Company's Next Chapter of Growth and Innovation in Smart Home Technology for the Rental Housing Industry SmartRent Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Michael Shane Paladin as its President and Chief Executive Officer, with an expected start date of February 24. In this role, Paladin will lead SmartRent's executive team as the Company strives to advance its market share and strategic vision of delivering smart living and working for the rental housing industry while optimizing ser

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

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New Extended Board, including Chief Technology Officer (CTO) and Chief Revenue Officers (CROs), will further enhance efficiency and accelerate transformation.  WALLDORF, Germany, Jan. 28, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) today announced that Sebastian Steinhaeuser (39) has been appointed to join the SAP Executive Board. He will lead a newly formed board area called Strategy & Operations, continuing to support the execution of SAP's strategy and driving simplification in operations. The SAP Supervisory Board also extended the contract of Executive Board Member Thomas Saueressig, head of Customer Services & Delivery, for another three years until 2028.

Transformative Leader and SaaS Veteran to Drive Company's Next Chapter of Growth and Innovation in Smart Home Technology for the Rental Housing Industry SmartRent Inc. (NYSE:SMRT) ("SmartRent" or the "Company"), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Michael Shane Paladin as its President and Chief Executive Officer, with an expected start date of February 24. In this role, Paladin will lead SmartRent's executive team as the Company strives to advance its market share and strategic vision of delivering smart living and working for the rental housing industry while optimizing ser

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

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE:SAP) recommend that shareholders approve a dividend of €2.35 per share for fiscal year 2024. This is an increase of €0.15, or 6.8% compared to the dividend paid for fiscal year 2023 (€2.20). If approved by shareholders and assuming the same level of treasury shares at the time of SAP SE's Annual General Meeting of Shareholders on May 13, 2025, and as at December 31, 2024, the total amount distributed in dividends would be approximately €2.741 billion (2023: €2.565 billion), representing a pay-out ratio of 51.9% (2023: 43.0%). 

SAP meets or exceeds all financial outlook parameters for FY2024Current cloud backlog of €18.1 billion, up 32% and up 29% at constant currenciesTotal cloud backlog of €63.3 billion, up 43% and up 40% at constant currenciesCloud revenue up 25% and up 26% at constant currencies in FY2024Cloud ERP Suite revenue up 33% and up 34% at constant currencies in FY2024Total revenue up 10% and up 10% at constant currencies in FY2024IFRS operating profit down 20%, non-IFRS operating profit up 25% and up 26% at constant currencies in FY20242025 outlook anticipates accelerating cloud revenue growthWALLDORF, Germany, Jan. 28, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for t

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

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