Core Insights - smartShift has developed an AI-powered solution to assist SAP customers in transitioning to a Clean Core by identifying and replacing custom ABAP code with standard SAP functionality [1][3] - The need for simplification in ERP environments has made reverting to standard SAP processes a strategic imperative, although identifying alternatives for custom-built functionality remains a complex challenge [2][3] - The use of Large Language Model (LLM) agentic AI allows for the automation of legacy custom code analysis, enabling organizations to evaluate the necessity of custom logic versus modern SAP capabilities [3][4] Company Positioning - smartShift emphasizes that simplification is key to innovation, responding to customer demands for efficient elimination of unnecessary custom code while embracing SAP standards [4] - The company claims to have a long-standing history of addressing SAP custom code challenges, asserting that their platform has delivered thousands of solutions over more than a decade, well before the Clean Core concept gained traction [5] - With AI at the center of its strategy, smartShift aims to lead in enabling SAP customers to simplify and future-proof their ERP landscapes, turning Clean Core ambitions into operational realities [5][6] Market Impact - smartShift's automated AI solutions are designed to reduce technical debt, lower total cost of ownership, and accelerate digital transformation for SAP customers [4] - The company has modernized over 3,300 SAP systems and converted more than 3.5 billion lines of code, showcasing its proven track record in the industry [6]

Group 1 - SAP SE reported Q1 revenue of €9.01 billion, reflecting a 12% year-over-year growth, slightly exceeding market expectations [1] - Cloud revenue for SAP grew by 27%, now representing a significant portion of total revenue [1] - The results support the ongoing transition to cloud services, which is a key narrative for the company's long-term strategy [1] Group 2 - The analyst has over 10 years of experience in the German small and mid-cap software market, indicating a strong background in the industry [1] - There is an intention to expand coverage to include other European and North American software companies, aiming to identify investment opportunities in the evolving SaaS and cloud landscape [1]

Copenhagen, Denmark, April 28, 2025 (GLOBE NEWSWIRE) -- Netcare International celebrates a journey of over two decades defined by innovation, technical excellence, and a dedication to collaborative success. Over the years, it has grown from a one-man consultancy into a global force, bringing comprehensive Systems, Applications, and Products in Data Processing (SAP) solutions across industries globally. The company, based in Hellerup, Denmark, was founded on the principle that expertise and genuine partnersh ...

Exhibit 99.1 Current cloud backlog of €18.2 billion, up 28% and up 29% at constant currencies Cloud revenue up 27% and up 26% at constant currencies Cloud ERP Suite revenue up 34% and up 33% at constant currencies Total revenue up 12% and up 11% at constant currencies IFRS operating profit of €2.3 billion; non-IFRS operating profit of €2.5 billion, up 60% and up 58% at constant currencies | Q1 2025 in € millions, unless otherwise stated | | --- | | Current cloud | Total revenue | Cloud & | Cloud revenue | | ...

Group 1 - The core viewpoint is that SAP is expected to continue delivering solid earnings growth, particularly through its successful execution of cloud strategies [1] - The investment approach emphasizes a fundamentals-based strategy, focusing on companies with long-term durability and robust balance sheets rather than merely low multiples [1] - There is a recognition that investing in successful companies carries risks, particularly regarding valuation, but vast development opportunities can lessen the immediate importance of price [1]

I’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my service to revolve around is momentum.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within th ...

SAP SE (SAP) reported first-quarter 2025 non-IFRS earnings per share (EPS) of €1.44 ($1.51), which increased 79% from the year-ago quarter. The Zacks Consensus Estimate was pegged at $1.39.Driven by momentum in the cloud business, SAP reported total revenues on a non-IFRS basis of €9.01 billion ($9.48 billion), which increased 12.1% year over year (up 11% at constant currency or cc). The Zacks Consensus estimate was pegged at $9.78 billion.Management emphasized that the first quarter marked a strong start t ...

The headquarters of SAP AG, Germany's largest software company, on Jan. 8, 2013, in Walldorf, Germany.SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues.SAP's operating profit hit 2.5 billion euros ($2.9 billion) in the first quarter, compared with analysts expectations near 2.2 billion euros, according to LSEG data.Shares of the company popped 9.3% by 8:59 a.m. in London on Wednesday.The German sof ...

Group 1 - U.S. stocks have consistently held a significant valuation premium over European stocks, attributed to the notion of "American exceptionalism" and the perception of stagnant growth in the Eurozone [1] - The article highlights the ongoing disparity in market performance between U.S. and European equities, suggesting that this trend may continue due to differing economic conditions [1] Group 2 - Gary Alexander has extensive experience in the technology sector, having worked on Wall Street and in Silicon Valley, which informs his insights into current industry trends [2] - His contributions to financial discussions have been recognized across various platforms, including popular trading apps, indicating a broad influence in the investment community [2]

Financial Data and Key Metrics Changes - Current cloud backlog increased by 29% to €18.2 billion in Q1 [5][37] - Quarterly cloud revenue grew by 26%, approaching the €5 billion mark [5][37] - Total revenue rose by 11% to €9 billion [42] - Operating profit surged by 58% to €2.5 billion, significantly exceeding the guidance for the year [41][45] - Cloud gross margin improved by 2.6 percentage points to 75% [6][40] Business Line Data and Key Metrics Changes - Cloud ERP suite revenue maintained high growth momentum with a 33% increase in Q1, accounting for 85% of total cloud revenue [37] - Software licenses decreased by only 10%, indicating resilience despite being a smaller quarter [38] - Approximately half of cloud order entries included AI use cases, reflecting strong demand for AI integration [13] Market Data and Key Metrics Changes - Strong cloud revenue performance noted in APJ and EMEA regions, with Brazil, Germany, and India showing outstanding results [40] - The Americas region also demonstrated robust performance, with notable strength in Canada and the US [40] Company Strategy and Development Direction - Company emphasizes a suite-first, AI-first approach to expand its offerings [36] - Focus on product innovation, particularly with the launch of Business Data Cloud, which aims to unify and govern business data [22][23] - Continued investment in AI and cloud solutions to enhance customer productivity and reduce implementation costs [30][31] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the company's resilience despite high market uncertainty [9][45] - The pipeline for the year remains solid, with no significant deterioration in conversion rates observed [56] - Management acknowledges potential risks from geopolitical tensions and trade disputes but maintains a positive outlook for long-term growth [44][120] Other Important Information - The company plans to provide deeper insights into its growth strategy at the upcoming Sapphire event in May [34][47] - The transformation program concluded in 2024, positioning the company for focused investments in key areas [36] Q&A Session Summary Question: Current trading and confidence in cloud revenue guidance - Management noted strong customer engagement and resilience in supply chains, which supports confidence in cloud revenue guidance despite macro uncertainties [52][56] Question: Deceleration in cloud revenue growth - Management explained that the deceleration was influenced by the timing of cloud deals and expected a rebound in Q2 as these deals ramp up [58][62] Question: Current cloud backlog performance - Current cloud backlog performance was in line with expectations, with no significant changes in customer dynamics despite tariff uncertainties [68][71] Question: Product innovation and Business Data Cloud differentiation - Management clarified that Business Data Cloud offers a more comprehensive solution than the previous SAP Datasphere, enabling better data integration and AI capabilities [78][83] Question: Impact of tariffs on business and cloud margins - Management indicated that while tariffs could impact hardware costs, the company's multi-cloud strategy provides price security and mitigates risks [130][132]