SAP Stock Recent News

WALLDORF, Germany , Sept. 4, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the participation of its executives at the following event.

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.

Consulting firm Qubittron is disrupting the SAP consulting market with client-centric strategies that stand out from profit-focused competitors. Consulting firm Qubittron is disrupting the SAP consulting market with client-centric strategies that stand out from profit-focused competitors.

VANCOUVER, BC , Aug. 20, 2024 /PRNewswire/ -- Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") is pleased to announce the next phase of its go-to-market strategy with the appointment of Grifyn McErlean as a Business Development Consultant. Mr. McErlean, an ecosystem marketing specialist from SAP, will play a critical role in accelerating the company's market expansion and business development efforts as Scope AI continues to drive adoption of its cutting-edge data and quantum encryption solutions.

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's performance is driven by continued strength in its cloud business. However, global macroeconomic weakness and tough competition in the cloud space remain concerning.

WALLDORF, Germany , Aug. 7, 2024 /PRNewswire/ --  SAP SE (NYSE: SAP) today announced Xerox Holdings Corp. (Nasdaq: XRX) has chosen multiple SAP solutions to transform its enterprise architecture as part of its multi-year Reinvention. Xerox's Reinvention involves aligning its resources to improve and stabilize its core print businesses, increase productivity and efficiency, and focus on its emerging digital services and IT services capabilities to improve business outcomes for its clients.

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.

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 2024 performance benefits from continued strength in its cloud business coupled with AI-driven strategic transformation initiatives.