Group 1 - FC Bayern has migrated its on-premise systems to the cloud through the RISE with SAP initiative, aimed at accelerating innovation and strengthening data protection [1] - The club has enhanced its long-term partnership with SAP by adopting SAP Cloud ERP Private solutions, which serve as the digital core of SAP Business Suite [1] - The transition to the cloud allows FC Bayern to manage over 9.5 million fan and member data records and more than 25,000 product master data records, providing a unified foundation for fan engagement and operational excellence [1] Group 2 - The cloud migration enables FC Bayern to handle match-day traffic peaks more efficiently and simplifies IT operations through a unified data platform [1] - The new cloud environment supports continuous updates, integrated analytics, and AI capabilities, enhancing fan experiences and operational agility [1] - SAP Cloud ERP Private offers advanced analytics, machine learning, and process integration, hosted in certified data centers with a 99.9% service-level agreement [1] Group 3 - The partnership with SAP positions FC Bayern at the forefront of digital innovation, allowing for optimized player performance analytics and streamlined commercial operations [1] - The new environment supports a clean-core approach to cloud ERP and provides a roadmap for adopting future SAP software innovations, including AI-supported capabilities [1] - The transition was completed after rigorous assurance and security measures to comply with FC Bayern's operational and privacy requirements [1]

悉尼对冲基金GCQ Funds断言软件股近期大幅抛售已然触底，并趁回调逆势买入约2亿澳元（约1.43亿 美元）科技股，押注市场恐慌情绪已过度。 逆势加仓：卖出奢侈品，重仓三大软件标的 管理规模约20亿澳元的GCQ采取了明确的逆势操作。该基金卖出了部分欧洲奢侈品公司股票等表现强 劲的持仓，将约2亿澳元转而布局遭受重挫的软件股。 重点加仓标的涵盖微软、会计软件公司Intuit Inc以及SAP SE三家行业代表性企业。Tynan及GCQ分销 团队已向客户建议，当前是把握软件股低价窗口期的合适时机。 "我所经历过的最奇怪的交易日就是本周一，一个我从没听说过的机构写的一篇假想的科幻情景，不仅 把市场打下去，还让白宫出面回应，"Tynan说，"那就是底部，这是我判断。" 面对这轮抛售，GCQ选择卖出部分欧洲奢侈品公司等表现较好的持仓，将资金转入重挫的软件股，重 点买入微软、会计软件公司Intuit及企业软件巨头SAP SE，并同步加码房产门户类资产。 Citrini事件：一篇博文击穿市场，却被视为触底信号 本周一，独立研究机构Citrini Research发布的一篇博客文章在市场上引发连锁反应。文章描绘了AI快速 进 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

PresentationGreat. Thanks, everyone, for joining us for the next session. We're delighted to have SAP back at the conference and particularly Sean Kask, who's the Chief AI Strategy Officer. Sean, I think this is probably third year in a row coming back, but we live in interesting times in the -- on the kind of AI front, there seems to be almost an exponential curve in terms of the development. So I wanted to sort of kick off and get your perspective on -- in the past 12 months, what have been the really big ...

SAP (NYSE:SAP) 2026 Conference February 25, 2026 04:50 AM ET Company ParticipantsWalter Sun - Senior VP and Global Head of Artificial IntelligenceNone - Company RepresentativeConference Call ParticipantsElena Rogovina - Senior Equity Research Analyst and Portfolio ManagerNone - AnalystNoneGreat. Thanks everyone for joining us for the next session. We're delighted to have SAP back at the conference, and particularly Walter Sun, who's the Chief AI Strategy Officer. Walter, I think this is the probably third y ...

MILWAUKEE, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Saputo Cheese USA Inc. (SUSA or Saputo) is voluntarily recalling select cottage cheese products produced by SUSA due to the possibility of liquid dairy ingredients used in the items not being fully pasteurized according to state regulatory standards. While no illnesses or hospitalizations associated with the recalled products have been reported to date, consuming products that are not fully pasteurized can pose a significant health risk, especially to the young a ...

Core Insights - Health In Tech has appointed Sri Rajagopalan as Chief Technology Officer to enhance its AI-driven enterprise-grade platform growth [1] - Rajagopalan has been serving as Interim CTO since November 2025, where he has made significant advancements in technology leadership and AI transformation strategy [1] - The company aims to strengthen its technology foundation to support larger carrier and broker partners and execute multiple strategic initiatives [1] Company Overview - Health In Tech, Inc. is an AI-enabled InsurTech platform that focuses on improving processes in the healthcare industry through vertical integration, process simplification, and automation [2] - The company aims to streamline the underwriting, sales, and service processes for insurance companies, licensed brokers, and third-party administrators [2] Leadership Experience - Sri Rajagopalan brings over two decades of enterprise-scale technology leadership, with experience at SAP and IBM in enterprise architecture and large-scale platform engineering [1] - His previous roles in the healthcare technology sector include Senior Vice President positions at Net Health and Zelis, and Vice President at Greenway Health, where he modernized core platforms and scaled high-performance systems [1] Strategic Focus - As CTO, Rajagopalan will oversee product engineering and enterprise platform operations, focusing on advancing the company's technology architecture and AI development roadmap [1] - The company plans to enhance performance, security, interoperability, and scalability of its cloud-native platforms to support long-term growth [1]

on 20-Feb-2026 20 February 2026 European Technology/Software AI disruption radar - Want to try it yourself? Richard Nguyen +33 1 42 13 54 22 richard.nguyen@bernsteinsg.com Mark L. Moerdler, Ph.D. +1 917 344 8506 mark.moerdler@bernsteinsg.com Derric Marcon +33 1 58 98 06 30 derric.marcon@bernsteinsg.com Specialist Sales Kiran Shah +44 20 3547 1533 kiran.shah@bernsteinsg.com This report includes minor clarifications following recent feedback from companies and investors. See the Disclosure Appendix of this re ...

Core Viewpoint - SAP SE is recognized as a promising investment opportunity, particularly highlighted by its proposed dividend increase and strong revenue growth in its cloud segment [1][2]. Group 1: Dividend Proposal - The Supervisory Board and Executive Board of SAP SE proposed a €0.15 increase in the annual dividend for fiscal year 2025, raising it to €2.50 per share, which is a 6.4% year-over-year increase [1]. - Upon shareholder approval, the total dividend payout will be €2.919 billion, an increase from €2.743 billion in fiscal 2024 [2]. - The payout ratio will decrease to 40.7% from 52.0% in fiscal 2024, aligning with the company's policy to distribute at least 40% of non-IFRS profit after tax [2]. Group 2: Fiscal Q4 2025 Results - SAP SE reported a quarterly revenue growth of 18.46% year-over-year, reaching $11.59 billion, although it fell short of expectations by $66.21 million [3]. - The earnings per share (EPS) of $1.93 exceeded consensus estimates by $0.21 [3]. - The quarterly performance was significantly driven by a 23% year-over-year growth in Cloud revenue and a 28% growth in Cloud ERP Suite revenue [4]. Group 3: Cloud Revenue Performance - Cloud revenue reached €21.023 billion, while Cloud ERP Suite revenue totaled €18.119 billion [4]. - The current Cloud backlog increased to €21.052 billion, reflecting a 16% year-over-year growth [4]. Group 4: Company Overview - SAP SE specializes in developing enterprise application software, primarily focusing on ERP systems that centralize data management and streamline business processes such as finance, supply chain, and HR [5].

Core Viewpoint - SAP, a leading software company for large businesses, has been affected by the recent selloff in software stocks driven by AI concerns [1] Group 1: Company Overview - SAP is recognized as the company behind the software that supports the majority of large businesses globally [1] Group 2: Market Context - The company was not immune to the widespread panic selling in the software sector related to artificial intelligence [1]