Core Viewpoint - SAP SE has demonstrated strong stock performance, gaining 32% over the past six months, significantly outperforming the Computer Software industry and broader market indices, driven primarily by its cloud business transition [1][4]. Group 1: Cloud Business Performance - SAP's cloud business is a major growth driver, with cloud backlog increasing by 43% year-over-year to €63.3 billion at the end of 2024 [4]. - Cloud revenues surged 25% to €17.1 billion in 2024, with the Cloud ERP Suite being a key contributor, showing a 33% rise in revenues [4][5]. - The company's cloud strategy includes strong performance from AI-integrated solutions, with half of fourth-quarter cloud order entries incorporating AI use cases [6]. Group 2: AI Investments and Innovations - SAP is heavily investing in AI, with over 30,000 developers focused on enhancing its AI capabilities, expecting to generate around €300 million in efficiency gains in 2025 [9][10]. - The introduction of the SAP Green Ledger solution reflects SAP's commitment to sustainability and innovation, linking emissions data with financials [8]. Group 3: Financial Outlook - For 2025, SAP anticipates cloud revenues between €21.6 billion and €21.9 billion, indicating a year-over-year increase of 26-28% [11]. - Total cloud and software revenues are expected to be in the range of €33.1 billion to €33.6 billion, with a projected increase of 11-13% year-over-year [12]. - Non-IFRS operating profit is estimated to be between €10.3 billion and €10.6 billion, reflecting a rise of 26-30% year-over-year [12]. Group 4: Challenges and Market Position - SAP faces challenges with declining software license and support revenues, which fell 3% year-over-year to €3.56 billion in the fourth quarter [13]. - The company is navigating a volatile macroeconomic environment, increasing costs, and stiff competition in the cloud sector [13]. - Despite these challenges, analysts have raised earnings estimates for SAP, indicating a positive outlook for the upcoming quarters [14].

Core Insights - SAP SE has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. SEC, and it is available online [1] - The SAP Integrated Report 2024 is also accessible online, providing comprehensive insights into the company's performance [1] - This year's sustainability information aligns with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) for the first time [2] Company Information - SAP is recognized as a global leader in enterprise applications and business AI, with over 50 years of experience in uniting business-critical operations across various domains [4] - The company offers resources for customers to learn more about its products, including a Global Customer Center contact number [4]

Revenue Growth - The company reported significant growth in cloud revenue, which is the largest revenue stream, followed by software support revenue [29]. - Total revenue for 2024 was €34,176 million, an increase from €31,207 million in 2023, representing a growth of approximately 9.4% [59]. - Cloud revenue for 2024 reached €17,141 million, up from €13,664 million in 2023, indicating a growth of about 25.5% [59]. - Operating profit for 2024 was €8,153 million, compared to €6,514 million in 2023, reflecting an increase of approximately 25.2% [61]. - The operating margin for 2024 was 24.0%, up from 20.9% in 2023 [61]. Financial Metrics - Operating profit (non-IFRS) and free cash flow are primary measures used to assess profitability and liquidity, with free cash flow calculated as net cash flows from operating activities adjusted for capital expenditures [31]. - The effective tax rate (non-IFRS) is presented for informational purposes, reflecting the variability of gains and losses associated with equity investments [51]. - Free cash flow for 2024 was €4,113 million, down from €5,093 million in 2023 [57]. - Under the revised definition effective from 2025, free cash flow would have been €4,222 million for 2024, compared to €5,116 million for 2023 [54]. Cloud Backlog and Market Demand - Current cloud backlog (CCB) reflects contractually committed cloud revenue expected to be recognized over the next 12 months, indicating strong market demand [30]. - The total contractually committed cloud revenue (TCB) is a key indicator of go-to-market success, reflecting both new contracts and renewals [39]. Revenue Predictability and Stability - The share of more predictable revenue, which includes cloud revenue and software support revenue, is a critical metric for financial stability [40]. Customer and Employee Engagement - The company emphasizes the importance of customer loyalty, measured by the net promoter score (NPS), to achieve financial goals [34]. - Employee engagement is tracked through an index that reflects satisfaction and commitment, crucial for the company's growth strategy [35]. Diversity and Inclusion - The Women in Executive Roles (WiER) metric monitors gender diversity in top management levels, supporting the company's commitment to equal opportunity [36]. Financial Planning and Performance Evaluation - The company utilizes non-IFRS financial measures for internal planning and performance evaluations, providing a clearer view of operational performance [45]. - The company plans to update its definition of free cash flow to better reflect cash generated from operating activities starting in 2025 [54]. Research and Development Expenses - Research and development expenses for 2024 were €6,508 million, slightly reduced from €6,316 million in 2023 [60]. - Total operating expenses for 2024 were €26,022 million, compared to €24,693 million in 2023, showing an increase of about 5.4% [60]. Currency Adjustments - Constant currency measures are used to provide additional insights into sales performance, with adjustments made for foreign currency effects [55].

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the participation of its executives at the following event. This event will be webcast, and a replay will be made available shortly after the events on the SAP Investor Relations website: https://www.sap.com/investors/en/calendar.html Morgan Stanley Technology, Media & Telecom ConferenceSan Francisco, California, US Muhammad Alam, SAP Product Engineering and member of the SAP Executive Board will hold a Fireside Chat at the ...

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE: SAP) recommend that shareholders approve a dividend of €2.35 per share for fiscal year 2024. This is an increase of €0.15, or 6.8% compared to the dividend paid for fiscal year 2023 (€2.20). If approved by shareholders and assuming the same level of treasury shares at the time of SAP SE's Annual General Meeting of Shareholders on May 13, 2025, and as at December 31, 2024, the total amount distributed ...

Christian Klein, CEO of the software group SAP, during the annual press conference. Europe's largest software manufacturer SAP is today announcing its figures for the past financial year.SAP is one of the world's largest software companies. Databricks is among the fastest growing.On Thursday, the two companies announced a partnership that will put Databricks' data analysis technology alongside SAP's human resources, finance and logistics software so that customers can more easily access and make sense of th ...

Landmark Collaboration Redefines Enterprise Data Management and Unleashes the Full Potential of Agentic AI NEW YORK, Feb. 13, 2025 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced SAP Business Data Cloud, a groundbreaking solution that unifies all SAP and third-party data throughout an organization, providing the trusted data foundation organizations need to make more impactful decisions and foster reliable AI. The solution harmonizes data from organizations' most mission-critical applications with data e ...

MONTRÉAL, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (we, Saputo or the Company) reported today its financial results for the third quarter of fiscal 2025, which ended on December 31, 2024. All amounts in this news release are in millions of Canadian dollars (CDN), except per share amounts, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS). “In the third quarter, our strong execution resulted in our highest adjusted EBITDA1 performanc ...

The past few months have been exceptionally strong for equities and momentum stocks in particular. The Nasdaq is up by nearly 14% in the past 6-month period alone, and this wave of optimism has been a tide that lifts all boats.Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. He graduated from th ...

SAP (NYSE: SAP ) reported better than expected Q4 results, beating consensus estimates on both topline and earnings. Moreover, SAP slightly upgraded its guidance for 2025, pointing to a strong cloud revenue outlook. However, despite the strong results, SAP shares traded down the trading day ofExperience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emer ...