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Dominik Asam, CFO of SAP, discusses the firm's strong fourth-quarter earnings and its confidence in its operations despite the threat from Chinese artificial intelligence startup DeepSeek.
DeepSeek' is 'good news' for enterprise software companies like SAP, the tech giant's CEO said. The post DeepSeek AI Is 'Good News' For Enterprise Software, Says SAP CEO appeared first on Investor's Business Daily.
SAP (NYSE:SAP) shares slipped after the Germany-based enterprise software firm reported mixed earnings for the fourth quarter. Q4 earnings per share grew to €1.40 from €1.12 in the year-ago quarter but missed estimates of €1.45.
German software giant SAP's full-year profit beat estimates as cloud computing and artificial intelligence operations fueled growth. Revenue from the firm's core cloud and software businesses rose 11% for the period, also slightly ahead of consensus estimates.
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.
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.
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.