SAP SE SAP recently announced the expansion of the SAP Innovative Business Solutions organization’s business model. In order to facilitate design, development and running of tailored solutions in the cloud, on premise as well as in hybrid scenarios, the organization is currently joining forces with clients in an end-to-end innovation process.
SAP Innovative Business Solutions provides clients direct global access to over 2,000 development professionals as well as 38,000 Research & Development and services experts. So far, the organization has provided over 4,000 individualized solutions to more than 1,500 clients.
The Innovative Business Solutions guides clients through the end-to-end innovation process, that include identifying valuable opportunities to clients’ business, creating concepts and developing productive solution, that leverages the modern technologies. The same unified support infrastructure and its cloud operations centers facilitates enhancement of clients’ business innovation, increases operational stability along with reducing operational costs.
SAP is supporting partners in transition toward digital business processes through continual co-innovations. The company has established itself as a trusted partner for business enterprises who seek to transform the entire landscape of their operations including applications, cloud, business networks and platforms. With business enterprises leveraging on state-of-the-art technology to outshine peers, we believe that SAP’s market leading portfolio will continue to witness increased demand, thus supplementing its financials.
The company has been concentrating on expanding its cloud business to become one of the leading players in the category. Further, SAP has a competitive edge over its cloud competitors as its processes are designed to be industry-specific and can be customized to meet corresponding business requirements.
Further, the company’s Customer Engagement and Commerce solutions once again achieved double-digit growth in new cloud bookings as well as software revenues. Driven by solid market traction of cloud business, the company has raised mid-term outlook, signaling brighter days ahead. In the last year, the Zacks Rank #2 (Buy) company’s stock has yielded a return of 33.2%, outperforming the industry’s growth of 31.8%. This apart, the company’s human capital management applications are gradually gaining extreme popularity, with many international organizations.
Other Stocks to Consider
Some other top-ranked stocks from the same space include Lam Research Corporation LRCX, Microchip Technology Incorporated MCHP and Adobe Systems Incorporated ADBE. While Lam Research sports a Zacks Rank #1 (Strong Buy), Microchip Technology and Adobe Systems carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Lam Research has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 5.3%.
Microchip Technology has outpaced estimates in the preceding four quarters, with an average earnings surprise of 9.3%.
Adobe Systems has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 7.8%.
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