Earnings Estimate Revisions - SAP SE is seeing favorable earnings estimate revision activity, which is generally a precursor to an earnings beat [1] - The Most Accurate Estimate for the current quarter is $1.33 per share, compared to the Zacks Consensus Estimate of $1.31 per share, indicating a Zacks Earnings ESP of +1.37% [1] Earnings ESP and Market Performance - A positive Zacks Earnings ESP has proven to be powerful in producing positive surprises and outperforming the market [2] - Stocks with a positive Earnings ESP and a Zacks Rank 3 (Hold) or better show a positive surprise nearly 70% of the time and have returned over 28% on average in annual returns [2] SAP's Position - SAP has a Zacks Rank 3 and an ESP in positive territory, suggesting potential for a positive earnings surprise [2] - Recent earnings estimate revisions indicate that good things are ahead for SAP, with a potential earnings beat in the upcoming report [2]

SAP SE (SAP) is scheduled to report results for the third quarter of 2024 on Oct. 21. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter 2024 earnings has been revised 0.8% downward in the past 60 days and is pegged at $1.31 per share. Additionally, the consensus mark implies a 17.1% decline from the yearago actual. Image Source: Zacks Investment Research The Zacks Consensus Estimate for third-quarter 2024 revenues is currently pegged at ...

Core Insights - SAP has introduced significant AI innovations at the TechEd 2024 conference, positioning its generative AI copilot, Joule, as central to transforming business operations [1][2] - The new capabilities include collaborative AI agents and the SAP Knowledge Graph, aimed at enhancing productivity and decision-making [1][5] Group 1: AI Innovations - SAP's Joule now supports 80% of the most-used business tasks, integrating collaborative AI agents that can handle complex workflows [2][3] - Collaborative multi-agent systems will allow specialized AI agents to work together, improving efficiency by breaking down silos [3] Group 2: Use Cases - Two use cases were highlighted: one for dispute management using autonomous AI agents to resolve issues like incorrect invoices, and another for financial accounting that automates processes such as bill payments and invoice processing [4] Group 3: Data Utilization - The SAP Knowledge Graph, set to be available in Q1 2025, will enhance business understanding by mapping relationships across SAP's data landscape, reducing manual data modeling complexity [5] Group 4: Developer Empowerment - New generative AI capabilities for developers, including code explanation and documentation search, aim to reduce development time for Java and JavaScript [6] - The introduction of an Extensibility Wizard will simplify the extension process for developers using SAP S/4HANA Cloud Public Edition [6] Group 5: Upskilling Initiatives - SAP has fulfilled its commitment to upskill 2 million people globally by 2025, offering role-based certifications and training materials to bridge the digital skills gap [7]

SAP SE (SAP) is facing an intensified investigation by U.S. prosecutors for possible price-fixing alongside Carahsoft Technology Corp. The investigation now includes their work with almost 100 government agencies, as revealed in a Bloomberg report. Citing federal court records filed in Baltimore, Bloomberg added the Justice Department has issued a legal demand to Carahsoft for documents related to its dealings with 94 civilian government agencies relating to SAP products. Earlier, Carahsoft refused to provi ...

SAP SE's (SAP) shares have been performing well on the trading front, with a gain of 14.9% in the past six months. The stock has outperformed its sub-industry, Zacks Computer and Technology sector and the S&P 500 composite's growth of 1%, 10.5% and 9.6%, respectively. SAP stock's good run on the trading front can be attributed to the sustained momentum in the cloud business, which is aiding the top-line performance. Image Source: Zacks Investment Research SAP stock closed the last trading session at $220.47 ...

SAP SE (SAP) has joined forces with Ambipar to launch Net Zero as a Service, aimed at addressing climate change. This initiative integrates SAP's powerful cloud solutions with Ambipar's extensive expertise in carbon credit generation and trading, helping customers effectively track and mitigate their carbon emissions. With Net Zero as a Service and its alliance with Ambipar, SAP is enhancing its dedication to offering holistic sustainability management solutions, enabling customers to prepare for the future ...

Core Insights - NNIT has signed a significant strategic contract with ATP for the delivery of their critical SAP Debtor system, which is essential for managing public benefits in Denmark [1][3] - The contract is valued at DKK 240 million, with an initial duration of six years and options for two additional two-year extensions [2] - This project aligns with NNIT's strategic focus on public digitalization and aims to modernize SAP systems, enhancing their long-standing relationship with ATP [3] Financial Implications - The new contract does not affect NNIT's financial guidance for the full year of 2024 [4] Company Overview - NNIT is a leading provider of IT solutions, focusing on high complexity industries, particularly in life sciences and public sectors [4][5] - The company employs over 1,700 people across Europe, Asia, and the USA, and emphasizes building sustainable digital solutions tailored to business needs [5][6]

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of SAP SE ("SAP" or "the Company") (NYSE: SAP). Investors who purchased SAP securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/SAP. Investigation Details On September 25, 2024, Bloomberg News reported that the U.S. Department of Justice was investigating SAP and other compan ...

SAP SE (SAP) , along with Carahsoft Technologies, is being investigated by U.S. officials for conspiring to overcharge government agencies, according to a Bloomberg report. Following this development, shares of SAP fell 3.3% and closed yesterday's trading session at $223.29. Citing federal court records filed in Baltimore, Bloomberg added that since 2022, the Department of Justice's ("DOJ") attorneys have been investigating whether SAP colluded with Carahsoft to fix prices on sales to the military and other ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...