|Bid||114.04 x N/A|
|Ask||114.18 x N/A|
|Day's Range||113.88 - 115.48|
|52 Week Range||83.74 - 117.06|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Of the many categories in the tech world, none is more ferociously competitive than enterprise. For decades, SAP, Oracle, Adobe, Microsoft, IBM and Salesforce, to name a few of the giants, have battled to deliver the tools businesses want to become more productive and competitive. Last year alone, the top 10 enterprise acquisitions were worth $87 billion and included IBM’s acquiring Red Hat for $34 billion, SAP paying $8 billion for Qualtrics, Microsoft landing GitHub for $7.5 billion, Salesforce acquiring MuleSoft for $6.5 billion and Adobe grabbing Marketo for $4.75 billion.
Business Software Vendors' Latest: MSFT, IBM, SAP, ORCL, and ADBE(Continued from Prior Part)SAP is transitioning to the cloudActivist investor Elliott last month revealed that it owns shares worth ~$1.3 billion in SAP SE (SAP), representing a ~1.0%
Elliott, which manages $34 billion in assets, disclosed its first large European tech investment on April 24, the day SAP announced quarterly results, saying it backed a new management goal of boosting operating margins by 5 percentage points through 2023. McDermott said it would be possible to hit the margin target by ensuring that revenue growth outpaced costs, indicating that there was no pressure from Elliott for further retrenchment after a recent round of job cuts.
Germany's SAP partnered with Apple in 2016 to rebuild mobile apps for its existing product lines, including human resources and expense management, to run natively on Apple's iOS operating system. Native apps are developed specifically for the device's hardware and software, meaning they run more smoothly than web or cloud-based apps designed to work across multiple platforms. It will also be possible to run the applications on Apple's Mac computer range, the companies said in a joint statement.
Up to 50,000 companies running SAP software are at greater risk of being hacked after security researchers found new ways to exploit vulnerabilities of systems that haven't been properly protected and published the tools to do so online. "Basically, a company can be brought to a halt in a matter of seconds," said Onapsis Chief Executive Mariano Nunez, whose company specializes in securing business applications such as those made by SAP and rival Oracle.
Uber Freight, with its growing suite of tools, has been trying to empower small fleets and owner-operators to allow them to compete on an even playing field. This morning, Uber Freight announced a partnership with SAP SE (NYSE: SAP) that will integrate Uber Freight into the into SAP Logistics Business Network, letting supply chain participants from both companies access transportation rates from Uber's digitally activated carrier network and gain real-time quotes and guaranteed freight capacity, greatly simplifying load management and execution. "Finding and booking freight can be the most expensive and often the most complex piece of the supply chain," said Hala Zeine, president, SAP Digital Supply Chain.
U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion/£1.04 billion) stake in SAP on Wednesday and said it supported a new management efficiency drive, sending shares in the German business software company to a record high. SAP has until now escaped the attention of activist investors, steered by co-founder and Chairman Hasso Plattner who has withstood tough competition from U.S. rivals and is still the biggest shareholder in the German company with 6.5 percent. It reported an adjusted operating margin of 24 percent for the first quarter as it grapples with a catch-up transition to cloud computing.
hit an all-time high in European trading after the company raised its operating profit outlook and U.S. activist investor Elliott revealed a €1.2 billion ($1.3 billion) stake in German cloud computing company. In the U.S., American depositary receipts were up 10.3% to $126.57. Cloud, software and total revenue was up double digits in the quarter.
The $8 billion acquisition of experience management software startup Qualtrics, announced in January, has led SAP (NYSE: SAP) to underperform Wall Street expectations and post an operating loss for the first quarter of 2019. The enterprise software giant posted earnings per share of -€0.10 according to International Financial Reporting Standards (IFRS), and €0.90 per share on a non-IFRS adjusted basis. "We have a strong core business, the fastest growing cloud at scale in enterprise software and impressive non-IFRS operating profit growth.
Chief Executive Officer Bill McDermott had committed to improve profitability and refrain from any more major deals at the 133 billion-euro ($150 billion) maker of enterprise software. Elliott Management Corp. announced Wednesday it had taken a stake of just under 1 percent in the Walldorf, Germany-based firm, the activist’s biggest tech investment since it built a holding in Samsung Electronics Co. three years ago. The fund, controlled by billionaire Paul Singer, declared the SAP holding just an hour after the German firm announced a new five-year plan to boost profit at its cloud business.
European markets gave back much of Tuesday’s gains as strong earnings elsewhere could not offset oil companies’ retreat. How did markets perform? The Stoxx 600 (XX:SXXP) was down 0.1% to 390.9, after rising 0.
On a per-share basis, the Walldorf, Germany-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, were $1.02 per share. The results surpassed Wall Street expectations. ...
Walldorf-based SAP reported a 26 percent increase in new cloud bookings for the first quarter at constant currencies, an acceleration from the October-December period. Separately, Elliott disclosed a stake of 1.2 billion euros ($1.3 billion) and said the stock has been “consistently undervalued” relative to its revenue growth. SAP shares rose as much as 7.1 percent as Chief Executive Officer Bill McDermott’s bets on the cloud business start to pay off.
Global technology giant SAP is the latest big company to endorse British firms that aim to do good, as more consumers drive businesses to prove their social and environmental credentials. The German software firm has unveiled plans to promote ethical firms on its 2 trillion pound a year trading platform, Ariba - the world's largest business commerce network - where 3.9 million companies in 190 countries buy and sell services. Following in the footsteps of pharmaceutical giant Johnson and Johnson and consultancy firm PwC, SAP will also award more contracts to British social enterprises - firms that aim to do good as well as make profit - although it did not give details.
Europe's largest technology company SAP aims to more than double its market value to between 250 billion euros and 300 billion euros ($282-$338 billion) by 2023, Chief Executive Bill McDermott told a German newspaper. McDermott said SAP's market capitalisation had increased to 140 billion euros (£120.7 billion) from 45 billion euros since his tenure as CEO began in 2010. "Measured on the market valuation of pure cloud service providers, we have potential in our portfolio for a further 90 billion euros in market value," he told Thursday's edition of Frankfurter Allgemeine Zeitung newspaper.
Companies working with artificial intelligence need to install accountability mechanisms to prevent it being misused, the European Commission said on Monday, under new ethical guidelines for a technology open to abuse by authoritarian regimes. The EU initiative taps in to a global debate about when or whether companies should put ethical concerns before business interests, and how tough a line regulators can afford to take on new projects without risking killing off innovation. It is only with trust that our society can fully benefit from technologies," Commission digital chief Andrus Ansip said in a statement.