SAP Stock Recent News

SAP has launched a composable payment solution designed to help retailers add new payment options. The company's new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers (PSPs) and allows retailers to choose payment partners based on their own unique needs, SAP said in a Friday (March 15) press release.

A trend that started back in the 2010s has created an ideal environment for cloud computing stocks now. Large firms have been moving data to the cloud in increased rates, as well as continuing to buy a multitude of tools from cloud-infrastructure providers and software makers.

German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday.

Shares of Tesla fell nearly 6% on Monday after a report said German software firm SAP will no longer procure electric cars from the U.S. automaker, and Piper Sandler cut its stock price target on lower delivery expectations this year.

German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.

German software company SAP, which has a fleet of 29,000, will stop using Tesla TSLA, -3.45%, according to a report from German business daily Handelsblatt, quoting the company's fleet manager. Tesla changes its list prices more than other manufacturers, making planning more difficult, the newspaper said.

Investor's Business Daily regularly publishes “New Buys of Top-Performing Stock Funds,” identifying equities that top performing stock funds bought in large quantities. Usually, the largest funds ultimately determine stock performance.

SAP has unveiled plans for a company-wide restructuring, saying about 8,000 positions would be affected. It is also boosting its AI efforts.

SAP is launching a restructuring program aimed at incorporating more artificial intelligence (AI) into its operations.  This program will impact 8,000 employees who will either be retrained or leave the company under a voluntary leave program, the provider of enterprise application software said in a Wednesday (Jan. 24) press release.

SAP's US-listed shares gained more than 7% on Wednesday morning after the German-headquartered software company unveiled a restructuring plan that would impact 8,000 jobs along with the release of its fourth quarter and full-year 2023 earnings. The company said the planned transformation program reflects the company's focus on the scalability of its operations and its Business AI offering.