SAP SE (NYSE:SAP) Morgan Stanley, European Tech, Media & Telecom Conference November 20, 2024 4:40 AM ET Company Participants Dominik Asam - CFO Conference Call Participants Adam Wood - Morgan Stanley Adam Wood Okay. Perfect. Let me start this next session off. I'm Adam Wood. I look after European tech research at Morgan Stanley. It's a great pleasure to have Dominik Asam, CFO of SAP. Dominik, thank you very much for joining us. Dominik Asam Thanks for having me, Adam. Adam Wood It's a great pleasure. So lo ...

SAP SE (NYSE:SAP) Morgan Stanley, European Tech, Media & Telecom Conference November 20, 2024 4:40 AM ET Company Participants Dominik Asam - CFO Conference Call Participants Adam Wood - Morgan Stanley Adam Wood Okay. Perfect. Let me start this next session off. I'm Adam Wood. I look after European tech research at Morgan Stanley. It's a great pleasure to have Dominik Asam, CFO of SAP. Dominik, thank you very much for joining us. Dominik Asam Thanks for having me, Adam. Adam Wood It's a great pleasure. So lo ...

Coveo AI Search and Recommendations for SAP Customer Experience Now An SAP® Endorsed App for SAP for Commerce Cloud and SAP Service Cloud MONTREAL and LONDON and SAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ - Coveo (TSX: CVO), the leading enterprise AI platform that brings AI search and GenAI to every point-of-experience, announced today that it is expanding its partnership with SAP to deliver a new SAP endorsed app that integrates with SAP Service Cloud – Coveo AI Search and Recommendation for SAP Customer Ex ...

CHICAGO, Nov. 15, 2024 /PRNewswire/ -- Reply, a global systems integrator and SAP Gold Partner, is proud to announce its recognition in Forrester's SAP Services Landscape. Reply believes this recognition among notable providers highlights the extensive experience and capabilities of its SAP-dedicated companies: Syskoplan Reply, 4brands Reply, Power Reply, Sprint Reply, and Portaltech Reply. Reply in SAP Services Landscape In its report, Forrester, a leading global research and advisory firm, "defines S ...

Portland, Oregon, Nov. 12, 2024 (GLOBE NEWSWIRE) -- RHONDOS, a leader in enterprise software sales and services, is excited to announce its strategic partnership with Soterion, a globally recognized provider of innovative governance, risk, and compliance (GRC) solutions for SAP® environments. Through this collaboration, RHONDOS will serve as the master distributor and go-to-market partner for Soterion’s technology in North America. With a shared commitment to enhancing enterprise operations, this partnershi ...

Company Events and Participation - SAP SE executives will participate in two major industry conferences: the Morgan Stanley European Tech, Media & Telecom Conference in Barcelona, Spain, and the UBS Global Technology and AI Conference in Scottsdale, Arizona, US [1] - Dominik Asam, CFO and member of the SAP Executive Board, will hold Fireside Chats at both events [1] - The events will be webcast, and replays will be available on the SAP Investor Relations website [1] Company Overview - SAP SE is a global leader in enterprise applications and business AI, operating at the intersection of business and technology [2] - The company has over 50 years of experience in helping organizations optimize critical operations across finance, procurement, HR, supply chain, and customer experience [2] Forward-Looking Statements - The document contains forward-looking statements based on current expectations, forecasts, and assumptions, which are subject to risks and uncertainties [3] - Additional information on these risks and uncertainties can be found in SAP's filings with the Securities and Exchange Commission, including the risk factors section of the 2023 Annual Report on Form 20-F [3]

WALLDORF, Germany, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Backed by SAP Fioneer technology, Numisma Bank, a global currency distributor of U.S. banknotes, has started their operations. Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services.  To make Numisma’s objective possible, they needed a proven and experienced partner at their side. Core to Numisma’s launch were therefore the provision of solutions by SAP Fioneer includin ...

MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Aleran Software today announced that its digital commerce and sales operations platform is now available on SAP® Store, the online marketplace for SAP and partner offerings. Aleran’s secure subscription-based platform fully integrates with SAP Business Technology Platform (BTP) to help midmarket B2B manufacturers easily put their customers at the center of an omnichannel sales strategy with sales order management, AI-powered catalog-embedded buying, automated c ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain When Hurricane Helene damaged western North Carolina in September, filling medical facilities with people who couldn't be cared for at home, Jim Polk, a tech executive at Exela Pharmaceutical Sciences in Lenoir, North Carolina, got a call from the Atrium Health hospital group in flooded Ashevill ...

Investment Rating - The report does not explicitly mention the investment rating for SAP SE [1][2][3] Core Views - SAP SE demonstrated strong performance in Q3 2024, with cloud orders growing by 25% to €15.38 billion, and cloud revenue increasing by 25% to €4.35 billion, driven by a 34% growth in cloud ERP suite revenue [2][8] - The company successfully expanded its customer base across various sectors, including retail, technology, and other industries, with notable agreements with Schwarz Group, Sainsbury's, and Mistral AI [2][17][18] - SAP's regional revenue breakdown shows EMEA as the largest market, followed by the Americas, with significant growth in cloud revenue across all regions [11][13] - The company raised its full-year 2024 guidance, expecting cloud and software revenue to grow by 10-11% to €29.5-29.8 billion, and non-IFRS operating profit to increase by 20-23% to €7.8-8.0 billion [14][15] Performance Summary Q3 2024 Financial Performance - Cloud orders grew by 25% to €15.38 billion, with a 29% increase at constant currency rates, partly due to the acquisition of WalkMe [2][8] - Cloud revenue increased by 25% to €4.35 billion, with cloud ERP suite revenue growing by 34% to €3.64 billion [2][8] - Software license revenue declined by 15% to €280 million, while cloud and software revenue grew by 11% to €7.43 billion [2][8] - Total revenue increased by 9% to €8.47 billion, with a 10% growth at constant currency rates [2][8] Customer Expansion - Retail sector: Agreements with Schwarz Group, Sainsbury's, and Mercado Libre, leveraging SAP's WISE system for process innovation and AI integration [2][17] - Technology sector: Partnerships with Mistral AI and NVIDIA, focusing on AI-driven ERP solutions and rapid implementation of RISE projects [2][18] - Other sectors: New clients include Dawn Foods, DXC Technology, and Sol de Janeiro, with RISE winning large customers like Mondelez and Roche [2][18] Regional Revenue Breakdown - EMEA remains the largest market, contributing significantly to cloud and software revenue, followed by the Americas [11][13] - Strong cloud revenue growth in APJ (Asia-Pacific and Japan) and EMEA, with notable performance in Brazil, Chile, Germany, and Japan [13][22] Full-Year 2024 Guidance - Cloud and software revenue expected to grow by 10-11% to €29.5-29.8 billion, up from €26.92 billion in 2023 [14][15] - Non-IFRS operating profit projected to increase by 20-23% to €7.8-8.0 billion, up from €6.51 billion in 2023 [14][15] - Cloud revenue expected to grow by 24-27% to €17.0-17.3 billion, up from €13.66 billion in 2023 [14][15] Innovation and AI Strategy - SAP's AI strategy is central to its cloud ERP suite, with 30% of cloud orders in Q3 including AI usage [16] - The company's Joule AI copilot has gained significant traction, with over 500 skills added and plans to cover 80% of frequent business transactions by year-end [19] - SAP's Knowledge Graph enhances GenAI capabilities, providing more relevant and context-aware solutions [19] Future Outlook - SAP aims for double-digit revenue and operating profit growth in the coming years, with a focus on optimizing operations and expanding its partner ecosystem [20][21] - The company expects Q4 to be its highest revenue quarter, with strong performance in cloud ERP and AI-driven solutions [23][24]