SAP.DE - SAP SE

XETRA - XETRA Delayed Price. Currency in EUR
111.24
-0.76 (-0.68%)
At close: 5:35PM CEST
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Previous Close112.00
Open112.00
Bid111.10 x 76700
Ask111.16 x 56500
Day's Range110.96 - 112.32
52 Week Range83.95 - 125.00
Volume2,076,757
Avg. Volume2,556,695
Market Cap132.782B
Beta (3Y Monthly)0.72
PE Ratio (TTM)42.69
EPS (TTM)2.61
Earnings DateOct 21, 2019
Forward Dividend & Yield1.50 (1.34%)
Ex-Dividend Date2019-05-16
1y Target EstN/A
  • Announcing the agenda for TC Sessions: Enterprise | San Francisco, September 5
    TechCrunch12 hours ago

    Announcing the agenda for TC Sessions: Enterprise | San Francisco, September 5

    And you're in luck, because $249 early-birdtickets are still on sale \\-- make sure you book yours so you can enjoy allthe agenda has to offer

  • Thomson Reuters StreetEvents3 days ago

    Edited Transcript of SAP.DE earnings conference call or presentation 18-Jul-19 12:00pm GMT

    Q2 2019 SAP SE Earnings Call

  • TheStreet.com4 days ago

    Software High-Flyers Face High Expectations -- Just Ask Microsoft and SAP

    Wall Street's cool response to Microsoft's strong earnings report, and its harsh response to SAP's mildly disappointing report, shows that many enterprise software stocks are now dealing with a small margin of error.

  • Billionaire Premji Helps Create India’s Newest Tech Unicorn
    Bloomberg4 days ago

    Billionaire Premji Helps Create India’s Newest Tech Unicorn

    (Bloomberg) -- Billionaire Azim Premji has helped create India’s latest tech unicorn: a fast-rising software startup that symbolizes the growing investor interest in the Asian nation’s enterprise technology space.Icertis, which competes with SAP SE and Oracle Corp. to help businesses manage contracts in the cloud, has raised $115 million, propelling it to unicorn status as investors flock to enterprise software makers.The advanced-stage funding round in Bellevue, Washington and Pune, India-based Icertis was co-led by Greycroft Partners LLC and PremjiInvest, the fund managed by the family office of Indian tech billionaire Premji. Existing investors including B Capital Group, Eight Roads Ventures and Cross Creek Advisors participated. With this, Icertis has raised over $211 million.The enterprise software segment is heating up as investors from Tiger Global Management to Sequoia and Accel scour the industry for India’s next startup giants. Many are expected to be business- rather than consumer-focused, as the country’s talent pool shifts from IT outsourcing services for global clients toward designing and providing online software.Icertis said it now helps customers worldwide manage over 5.7 million contracts, from supply chain and procurement deals to employee agreements and nondisclosure pacts, that have a total value of more than $1 trillion.“As contracts get converted from static documents to digital assets for the first time in history, every dollar in or out is governed by a contract, putting them at the heart of every enterprise,” said Samir Bodas, Icertis’s co-founder and chief executive officer. “Every global company faces unprecedented global competition and needs software to manage contracts.”Icertis is currently valued at “well north of one billion dollars,” Bodas added. The company will use the additional funding to grow its business, including by expanding sales and marketing. Global compliance demands involving Brexit, tariffs, European data privacy regulations as well as rapid digitization has worked in Icertis’s favor, while technologies like artificial intelligence helped enhance the sophistication of its services.“We have been able to ride the technology wave and assert leadership in the space despite large competitors,” Bodas said, citing consultancies Forrester Research and Gartner.Icertis works on a subscription model, charging customers based on the number of contracts drawn up and tracked using its software. MGI Research forecasts the total spending by companies for such contract management at over $20 billion from 2018 to 2022, with services on the cloud growing around 37% annually over the same period.Founded in 2009 when Bodas and friend Monish Darda began exploring cloud-based applications, Icertis in 2015 homed in on building a contract management platform. Today, more than 600 of its 850 employees are based in Pune, where the product is developed. The startup operates a dozen offices from Sofia to Sydney.(Corrects wording to reflect right definition in fourth-to-last paragraph.)To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • SAP SE (SAP) Q2 Earnings Call Transcript
    Motley Fool5 days ago

    SAP SE (SAP) Q2 Earnings Call Transcript

    SAP earnings call for the period ending June 30, 2019.

  • Benzinga5 days ago

    SAP: Margin Headwinds, But Headed For The Cloud(s)

    SAP SE (NYSE: SAP), the German enterprise software conglomerate, continues to embrace the predictable revenues and higher multiples of its subscription-based cloud business, even as it deals with the acquisition costs of Qualtrics, a deal that closed January 23. Total revenues were up 11 percent year-over-year to €6.65 billion (adjusted), and the share of more predictable revenue – i.e., cloud-based revenue and software support revenue – increased to 69 percent from 66 percent in the previous quarter. SAP management provided guidance that more predictable revenue will account for anywhere between 70 and 75 percent of its total revenue for the full year.

  • SAP Executives Come Out Fighting as Shares Slump on Growth
    Bloomberg5 days ago

    SAP Executives Come Out Fighting as Shares Slump on Growth

    (Bloomberg) -- 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 slower growth in new cloud bookings -- a keenly watched metric because it indicates future revenue. With profitability diluted by the shift to internet-based computing, a push to shore up margins failed to make progress in the second quarter.SAP fell as much as 10%, its steepest intraday drop since August 2015. The stock was down 5.9% at 3:40 p.m. in Frankfurt trading."What you’re not counting on is how much revenue will come SAP’s way by relying on” cloud partnerships with the likes of Amazon and Google, SAP’s Chief Executive Officer Bill McDermott told analysts during a call. “There’s no reason to think this is slowing down."SAP’s new cloud bookings rose 15% at constant currencies, a drop from the 26% gain in the first three months of 2019 and the weakest figure in at least a year and a half.The lower order figure is due to the fact that SAP is focusing on higher-margin sales, and that more customers chose “pay as you go” products that aren’t counted toward that metric, Chief Financial Officer Luka Mucic said. Excluding infrastructure-as-a-service, growth would be 27%, he said.The figures underscore the difficult transition to internet-based software as McDermott challenges rivals such as Salesforce.com Inc. and Oracle Corp.Cloud sales can initially be less profitable than traditional on-premise installations, and SAP has pledged to increase its operating margin by 1 percentage point a year on average through 2023. In the second quarter, the figure was flat at 27.3%, with Walldorf, Germany-based SAP blaming trade tensions for delaying software spending in Asia as well as acquisition costs.“We’re exactly on track in what we need to hit our mid-term objectives to triple our cloud revenue by 2023,” Mucic said in an interview with Bloomberg TV. “Also the profitability in the cloud is steeply increasing.”Total sales rose 11% to about 6.7 billion euros ($7.5 billion), boosted by strong growth from existing cloud customers, with revenue for the segment jumping 40%. Operating profit increased 11% to 1.82 billion euros.Uptake of SAP’s flagship S/4 Hana software accelerated in the April-June period, with the company adding about 600 customers for a total of more than 11,500 users. The software allows businesses to run tasks on their own machines or in a cloud-computing arrangement hosted by SAP or one of its partners. The company is farming out more of the low-margin computing backend to partners including Amazon Web Services and Microsoft Corp.SAP stuck to its outlook for operating profit to rise at least 9.5% and cloud revenue to increase more than 33%. McDermott maintained his optimism that his strategy would pay off.The Qualtrics acquisition will prove to be a “growth catalyst,” the CEO said in a telephone interview. “There’s plenty of room to continue strong cloud bookings and cloud growth.”(Update with details from analyst call.)To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Chris Reiter, Iain RogersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MarketWatch5 days ago

    European stocks decline, with SAP down after reporting trade fallout

    European stocks traded lower on Thursday, with the German DAX down 0.8% as SAP reported that trade tensions weighed on its second-quarter results. Those tensions remained in focus as The Wall Street Journal reported that progress on U.S.-China talks were stalled over how to handle the Chinese telecommunications giant Huawei. There were some gainers after earnings news, with Ubisoft Entertainment , easyJet and Novartis all gaining ground.

  • SAP says big margin gains to wait until 2020, shares down 10%
    Reuters5 days ago

    SAP says big margin gains to wait until 2020, shares down 10%

    SAP told investors not to expect a major improvement in margins before next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, sending its shares sharply lower. Europe's most valuable tech firm reiterated its forward guidance and CEO Bill McDermott expressed his "absolute commitment" to meeting a strategic goal of expanding margins by 5 percentage points through 2023. Shares fell 10% at the open as revenue and operating profit came in below expectations, weighed down by one-off costs and weakness in Asian markets.

  • Reuters5 days ago

    UPDATE 1-SAP says big margin gains to wait till 2020

    SAP told investors they can expect a major improvement in margins only next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, weighed down by one-off costs. SAP nonetheless reiterated its forward guidance as CEO Bill McDermott expressed his "absolute commitment" to meeting a strategic goal of expanding margins by 5 percentage points through 2023.

  • SAP: Quarterly Statement Q2 2019
    PR Newswire5 days ago

    SAP: Quarterly Statement Q2 2019

    Double-Digit Growth Across the Board: - Cloud Revenue Growth Soars - Double-Digit Cloud & Software Revenue Growth - Double-Digit Total Revenue Growth Cloud Gross Margin Up Sharply SAP Reiterates Outlook ...

  • TheStreet.com5 days ago

    SAP Slumps After Q2 Earnings Miss as Trade Tensions Hit Licence Sales

    SAP shares traded sharply lower Thursday after the cloud and business software firm posted weaker-than-expected second quarter earnings linked in part to global trade tensions.

  • Deutsche Bank Is Cutting Tech Spending as Digital Revolution Rages
    Bloomberg6 days ago

    Deutsche Bank Is Cutting Tech Spending as Digital Revolution Rages

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.At the heart of Chief Executive Officer Christian Sewing’s turnaround plan for Deutsche Bank AG is a contrarian bet: that he can cut spending on technology while gaining ground on the competition.Even with the digital revolution in finance accelerating, Deutsche Bank expects to trim its annual outlays on tech to 2.9 billion euros ($3.3 billion) in 2022 from a peak of 4.2 billion euros this year.“Deutsche Bank would probably love to be spending more on technology, but they need money for other parts of their restructuring,” said Pierre Drach, managing director of Independent Research in Frankfurt. “It’s pretty much impossible for European banks to catch up with the Americans at this stage.”Sewing’s team says it’s made progress in fixing information networks that his predecessor called “antiquated and inadequate.” Years of expansion left it with systems that couldn’t communicate with each other and didn’t adequately track its business. The bank, which has spent almost $18.5 billion on legal settlements and fines since 2008, has also suggested that the past breakdown in controls stemmed in part from weak systems.The 4.2 billion euros Deutsche Bank has budgeted this year to maintain and modernize its systems represents a fraction of the $11.5 billion JPMorgan Chase & Co. shells out. "You have to spend to win" with new technologies, Jamie Dimon, the bank’s CEO, said Tuesday.The gap is set to widen as the German chief executive wants to cut technology costs by almost a quarter. European banks, meanwhile, are forecast to increase tech spending at a 4.8% annual rate through 2022, according to the consulting firm Celent.“We continue to invest in IT to serve clients better, become safer, more efficient and better controlled,” Senthuran Shanmugasivam, a Deutsche Bank spokesman, said in response to questions from Bloomberg. “Despite our smaller footprint, our investment plans in 2019 are broadly unchanged as we reallocate resources to our core businesses.”It’s all part of a retrenchment Sewing announced last week to exit equities sales and trading and eliminate 18,000 jobs. Deutsche Bank aims to cut adjusted costs to 17 billion euros in 2022 from 22.8 billion euros last year; the share of technology expenses would remain stable over that time period.The company can modernize systems while spending less, for example by moving most of its applications to the cloud, according to Frank Kuhnke, who oversees its technology. He said Deutsche Bank has already cut the cost of crunching data by more than 30% since 2016 even as it increased computing capacity by about 12% a year to meet regulatory demands.Still, Deutsche Bank needs “to make a further step change in embracing technology,” Sewing told analysts last week.New HiresThe CEO has brought in new talent to do that. Bernd Leukert, who left the management board of software company SAP SE earlier this year, will start in September. Neal Pawar will join as chief information officer from AQR Capital Management the same month.Hiring outsiders hasn’t been a panacea in the past. Kim Hammonds, a former Boeing Co. executive, spent about four and a half years rebuilding the bank’s systems only to be ousted in 2018 after reportedly calling the bank “the most dysfunctional company” she’d ever worked for.Deutsche Bank expects its retrenchment from businesses to allow it to focus on its core operations. It will also save about 300 million euros by 2022 by shedding almost 5,000 external IT contractors and replacing them with internal staff at a lower cost. The integration of consumer lender Postbank will avoid duplication of expenses.The digital revolution is upending all aspects of finance -- from taking deposits to bond trading, a traditional Deutsche Bank strength. Citigroup Inc. has created a fintech division to invest in debt-market technologies while Spain’s Banco Bilbao Vizcaya Argentaria SA has created a unit to automate trade processes and generate intelligence from data. Dutch bank ING Groep NV has used artificial intelligence to win 20% more bond trades and cut costs.Cutting tech costs is also notoriously difficult.A three-year initiative announced in 2012 failed to stop technology spending from ballooning 44% by 2015. That was the year that then-CEO John Cryan said he would reduce the number of operating systems from 45 to four in 2020. Deutsche Bank still has 26, Sewing told investors in May. He kept the goal of eventually cutting them to four, but says the lender will need to run 10 to 15 systems for the foreseeable future.“Everyone knows that Deutsche Bank’s systems are a mess and I think they will have to end up spending more,” said Drach. “The fact that their new technology head hasn’t come on board yet gives them a good narrative for increasing the ultimate amount.”\--With assistance from Katie Linsell.To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, James Hertling, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Qualtrics' Julie Larson-Green will talk experience management at TC Sessions: Enterprise
    TechCrunch7 days ago

    Qualtrics' Julie Larson-Green will talk experience management at TC Sessions: Enterprise

    Ifthat name sounds familiar to you, it's most likely because you remember herfrom her 25 years at Microsoft

  • Medallia IPO: What Investors Need to Know
    Motley Fool7 days ago

    Medallia IPO: What Investors Need to Know

    The veteran customer intelligence company aims to raise about $240 million in its initial public offering on Friday.

  • SAP and Karlie Kloss: Partnering to Maximize the Power of Experience to Inspire Young Women in STEAM
    PR Newswire7 days ago

    SAP and Karlie Kloss: Partnering to Maximize the Power of Experience to Inspire Young Women in STEAM

    NEW YORK, July 16, 2019 /PRNewswire/ -- SAP SE (SAP) and Karlie Kloss today announced a partnership to help drive meaningful experiences by encouraging and enabling more young women to pursue their passion within science, technology, engineering, arts and math (STEAM) subjects. Together, SAP, a leader in Experience Management, and Karlie, an international supermodel and entrepreneur, aim to increase access to STEAM opportunities for young women, bridge the technical skills gap and support the next generation of innovators and change makers. Karlie and her coding organization, Kode With Klossy, create learning experiences and opportunities for young women that increase their confidence and inspire them to pursue their passion in a technology-driven world.

  • SAP CEO Bill McDermott will join us at TC Sessions: Enterprise
    TechCrunch13 days ago

    SAP CEO Bill McDermott will join us at TC Sessions: Enterprise

    You can't talk about enterprise software without talking about SAP, theGerman software giant that now has a market cap of more than $172 billion,making it Europe's most valuable tech company

  • Germany Makes Push for Cloud Service Independent of U.S.
    Bloomberg13 days ago

    Germany Makes Push for Cloud Service Independent of U.S.

    (Bloomberg) -- German Economics Minister Peter Altmaier plans to build up a German cloud service to allow European companies to store data independent of Asian or U.S. rivals such as Amazon.com Inc.“Germany has a right to technological sovereignty,” said Altmaier during a visit to San Francisco. “Data clouds should not only be set up in the U.S. or China, but also in Germany so that European companies, which want secure and reliable data storage, have this option.”Altmaier’s plans are a second attempt to build up an independent German cloud service. Deutsche Telekom AG has been marketing its own cloud as a secure alternative to U.S. platforms, but at the end of 2018 began offering access to Amazon’s data centers in a recognition of its longtime rival’s dominance in Europe.The minister said he’s seeking partners for his planned cloud alliance and is in talks with SAP SE, Deutsche Telekom and other companies. He expects a decision by the companies in the next months, he said.Geopolitical tensions and trade wars are making European politicians cautious about domestic champions ceding control of their data to technology suppliers from the U.S. or China, fearing that providers could deny access to critical information about customers or production, or serve as a venue for rogue agents.Under the Trump Administration’s Cloud Act (or the “Clarifying Lawful Overseas Use of Data Act”) that was signed last year, all U.S. cloud providers can be ordered to provide local authorities data stored on their servers no matter where that data is physically stored. A similar concept has been enshrined in Chinese law since 2017, in which information of citizens must be stored in-country and accessible on demand to the authorities.Agnes Pannier-Runacher, France’s deputy economy minister, said in an interview with Bloomberg in June that European businesses relinquishing control of their data was “a systemic risk” to the competitiveness and sovereignty of an economy.Germany’s central bank has also recently warned the region’s banking sector that the move to shifting data on the cloud will make the industry harder to monitor.(Updated with additional context.)To contact the reporter on this story: Birgit Jennen in Berlin at bjennen1@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, ;Giles Turner at gturner35@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • SAP and Esri Deliver First-Ever Database as a Service to ArcGIS Customers
    PR Newswire14 days ago

    SAP and Esri Deliver First-Ever Database as a Service to ArcGIS Customers

    SAN DIEGO, California , July 9, 2019 /PRNewswire/ -- SAP SE  (NYSE: SAP) today announced that Esri , the global leader in location intelligence, now supports SAP® Cloud Platform, SAP HANA® service . This ...

  • Microsoft Signs Broad Pact With ServiceNow, Extending Cloud Influence
    Bloomberg14 days ago

    Microsoft Signs Broad Pact With ServiceNow, Extending Cloud Influence

    (Bloomberg) -- Microsoft Corp. and ServiceNow Inc., makers of cloud-based software, announced a partnership that will help ServiceNow sell to highly regulated industries and further integrate the companies’ technology. ServiceNow will use Microsoft’s Azure cloud to host workloads for the U.S. and Australian governments, the companies said Tuesday in a statement. The companies may allow other customers to run ServiceNow applications on Microsoft’s cloud, but didn’t specify when. This is the first time that ServiceNow has made its software available for use with a major public cloud-computing vendor.Microsoft will also sell ServiceNow applications, helpingServiceNow enter new segments and geographic markets. The agreement may bolster ServiceNow’s stated goal of reaching $10 billion in annual revenue. ServiceNow pitches itself as a “digital workflow company” that organizes the basics of business, such as setting up a help desk for IT operations or bringing on board new employees. Its decision to use Azure to run its software, instead of relying purely on in-house server farms, is key for Microsoft as it seeks more customers for its cloud infrastructure services. Market leader Amazon.com Inc. counts many of the biggest cloud-software application providers as clients, including Splunk Inc. and Okta Inc. “Microsoft was really best positioned as a broad strategic partner,” Lara Caimi, chief strategy officer of ServiceNow, said in an interview. “We were hearing from our customers that they wanted ServiceNow and Microsoft to work better together.”Microsoft will also use more ServiceNow software, adopting the company’s Information Technology & Employee Experience product “to improve operations, enhance employee experiences, and deliver stronger business outcomes,” according to the statement. For now, the software makers will integrate more capabilities from Microsoft's customer-relationship, accounting, and Office cloud applications with ServiceNow’s programs. The new deal with ServiceNow expands on a limited partnership the companies announced in October. Moving forward, ServiceNow will benefit from Microsoft’s security certifications as it pursues government contracts around the world. For Microsoft, the partnership will give the company another ally in the fast-growing cloud-applications space. The world’s largest software maker already partners with Adobe Inc. and SAP SE — companies that compete against a key Microsoft rival, Salesforce.com Inc. ServiceNow also goes toe-to-toe against Salesforce in help desk software, and Microsoft’s plan to sell ServiceNow products to customers fills a key gap in the Microsoft ecosystem. For its part, Salesforce has bought companies that are rivals of Microsoft, such as analytics company Tableau Software Inc. and Quip, which has a productivity suite.“It's a large vote of confidence in our platform,” said Gavriella Schuster, a Microsoft vice president.ServiceNow’s stock has gained 65% this year, closing at $293 on Monday in New York. Microsoft’s shares have jumped 35% this year to $136.96.  The Redmond, Washington-based software maker is the world’s most valuable company by market capitalization.Microsoft and Santa Clara, California-based ServiceNow committed to collaborate on future solutions, and are currently hashing out some of the details. ServiceNow may join Microsoft’s Open Data Initiative, a pact with SAP and Adobe to use the same data model so mutual customers can move information among their various systems. To contact the authors of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netDina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is SAP SE's (FRA:SAP) 1.2% Dividend Worth Your Time?
    Simply Wall St.15 days ago

    Is SAP SE's (FRA:SAP) 1.2% Dividend Worth Your Time?

    Is SAP SE (FRA:SAP) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...

  • European Companies Look to Build Their Own Walls in the Cloud
    Bloomberg25 days ago

    European Companies Look to Build Their Own Walls in the Cloud

    (Bloomberg) -- Using code rather than concrete, European companies are busy building walls to protect their data, and are being encouraged by local politicians concerned about threats to their sovereignty.France’s biggest supplier of drinking water is one example. Before switching to Google’s cloud-based office software, Veolia Environnement SA first hired cybersecurity company Atos SE to handle the encryption of its data before it reached the Alphabet Inc.-owned company’s servers.Geopolitical tensions and trade wars are making European politicians cautious about domestic champions ceding control of their data to technology suppliers from the U.S. or China, fearing that providers could deny access to critical information about customers or production, or serve as a venue for rogue agents.Agnes Pannier-Runacher, France’s deputy economy minister, said in an interview that businesses relinquishing control of their data was “a systemic risk” to the competitiveness and sovereignty of an economy.Firms are increasingly migrating their data into cloud-based ecosystems -- an industry Gartner estimates will be worth about $214 billion in 2019, and one dominated by American and Chinese giants such as Amazon.com.com, Microsoft Corp., and Alibaba Group Holding Ltd.Germany’s central bank also recently warned the region’s banking sector that the move to shifting data on the cloud will make the industry harder to monitor.“For many companies, data is a strategic question,” Pannier-Runacher said. “It’s okay to have certain data out of reach in a functioning multilateral system; it becomes problematic in a unilateral system where one side can put pressure and cut access.”Read More: Huawei Frightens Europe’s Data Protectors. America Does, TooUnder the Trump Administration’s Cloud Act (or the “Clarifying Lawful Overseas Use of Data Act”) that was signed last year, all U.S. cloud providers can be ordered to provide local authorities data stored on their servers no matter where that data is physically stored. A similar concept has been enshrined in Chinese law since 2017, in which information of citizens must be stored in-country and accessible on demand to the authorities.As a result, European encryption specialists like Atos and Thales have been touting their home-grown history as a unique selling point, when competing with U.S. rivals such as Salesforce.com Inc. Amazon and others. Smaller European-grown cloud providers like Gigas Hosting SA in Spain and OVH Groupe SAS in France – while still dwarfs compared to their U.S. rivals – have not been not shy in making the point that English isn’t their first languageRead More: If You’re to Beat Amazon in Spain, Maybe Start Speaking Spanish“Veolia wants to maintain control and sovereignty over its data, however secure cloud solutions may be,’’ said Pascal Dalla-Torre, the company’s cybersecurity officer. “We’re building a sanctuary, a secure space. It’s a solution to protect our sensitive data.’’Atos isn’t alone in tapping the rising demand for European encryption middlemen: Multi-billion-dollar European firms such as defense contractor Thales SA and German software giant SAP SE both sell security products that sit between a company’s data and its cloud provider. Societe Generale, France’s third-largest bank by market cap, said it’s using Netherlands-based Gemalto to secure its cloud-destined information.Atos says it has a pipeline of 1 billion euros ($1.1 billion) under negotiations for security contracts similar to the one it signed with Veolia.“European businesses want Google’s technology, but with the right protections -- that’s one of the most common demands we have from customers today,” Atos Chairman and Chief Executive Officer Thierry Breton said in an interview.Europe is not the only region looking to promote its local providers. Boosted in part by escalating U.S. tensions, Beijing-based database and cloud provider PingCAP is winning over local tech giants, startups and financial institutions to its enterprise software.U.S. companies yet to see any serious knock-on effect. Oracle Corp. Recently closed at a record high amid positive signs in its transition to cloud-based computing, while Salesforce has been busy inking $15.3 billion deals.“The pace of innovation of hyper-scalers is so high that European companies must use them to stay in the game,” Carla Arend, researcher IDC’s lead cloud analyst, said. "But the regulatory environment and global security risks are certainly part of the concerns that Europeans are taking into account.”\--With assistance from Fabio Benedetti-Valentini and Gregory Viscusi.To contact the reporters on this story: Marie Mawad in Paris at mmawad1@bloomberg.net;Helene Fouquet in Paris at hfouquet1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.comlast month

    Can Oracle Retake Lost Market Share -- Or Is It In the Clouds?

    is not being shy about making an offensive against upstart cloud players that have eroded its market share in recent years. Shares were rising on Thursday, largely on the idea that the company can go "back to the future" and regain a great deal of its formerly dominant market share, particularly in cloud enterprise resource management (ERP) and human capital management (HCM). CEO Mark Hurd said that overall ERP and HCM annualized software-as-a-service revenue is "up in the high 20%" with Fusion cloud apps providing a significant boost to bookings and revenue.