SAP CEO Bill McDermott stepping down after over nine years leading software giant

SAP said on Thursday that Bill McDermott is stepping down as CEO after more than nine years running the German software company. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs effective immediately, SAP said in a statement. McDermott, 58, will stay on as an adviser until the end of […]

SAP Q2 2019: Trade war hits software license sales

SAP has reported its second-quarter financial results, with strong cloud revenue reported and no change in the tech giant’s full-year outlook. SAP’s Q2 2019 earnings (statement) reveal revenues of €6.63 billion IFRS or €5.99 billion non-IFRS, up 11 percent year-over-year with basic earnings per share of €0.48 (€1.09 non-IFRS), an […]

How SAP North America Is Trying To Innovate Its Own Talent Management System

SAP is the third largest software company in the world, and the market leader in enterprise application software – software aiming to support or solve the problems of an entire organization. It reports that its software touches 77% of global transaction revenue, and claims the software helps “turn customers’ businesses into intelligent […]

Microsoft, Adobe and SAP are making progress in their campaign against Salesforce

REDMOND, Wash. — Old-guard software providers Adobe, Microsoft and SAP have a working demonstration of software for collecting data from certain products they offer and sending them all to one place for additional analysis. The resulting work, if widely adopted, could end up slowing the growth of Salesforce, the 20-year-old company that leads the market for sales […]

Intel and SAP broaden datacenter tech partnership

Intel and SAP said they have launched a broader multi-year partnership focused on optimizing Intel’s platform innovations for the datacenter. As part of the arrangement, SAP will optimize its business software to run on Intel Xeon Scalable processors and Intel Optane DC persistent memory. SAP will optimize its bundle of end-to-end enterprise […]

SAP Q2 Earnings Up Y/Y on Cloud Strength & Growing Clientele

SAP SE SAP reported second-quarter 2019 non-IFRS earnings of €1.09 (approximately $1.22) per share, which grew 11.2% from the year-ago figure. The Zacks Consensus Estimate was pegged at $1.20. On IFRS basis, the company reported earnings of €0.48 (almost 54 cents) per share compared with year ago figure of €0.60. Total […]

SAP Executives Come Out Fighting as Shares Slump on Growth

SAP SE fell the most in nearly five years on signs that its $10 billion bet on cloud-based software faces headwinds, but the companies executives are adamant there is still room to grow. After buying U.S. startups Qualtrics International Inc. and Callidus Software Inc. to bolster its portfolio, SAP instead posted […]

SAP CEO Touts Growth in Cloud Business

Business software maker SAP SE is seeing increases in cloud revenue that it plans to sustain with this year’s $8 billion acquisition of market-analytics company Qualtrics, said Chief Executive Bill McDermott. The Germany-based company offers a range of products and services to businesses, including its Concur expense-management platform, IT-data platform […]

US-China trade war takes toll on SAP profits

SAP, Europe’s largest software company, blamed US-China trade tensions for disappointing second-quarter profits that sent its shares sliding on Thursday. The trade dispute between the two economic superpowers dented software sales in Asia as companies delayed spending decisions, leaving SAP’s revenues from selling licences short of analysts’ expectations. The group, […]

Intel announces deep, multi-year partnership with SAP

Intel announced a deep partnership with SAP today around using advanced Intel technology to optimize SAP software tools. Specifically, the company plans to tune its Intel Xeon Scalable processors and Intel Optane DC persistent memory for SAP’s suite of applications. The multi-year partnership includes giving SAP early access to emerging […]