106.86 0.00 (0.00%)
After hours: 4:49PM EST
|Bid||94.00 x 1100|
|Ask||120.00 x 800|
|Day's Range||106.58 - 107.36|
|52 Week Range||94.81 - 127.16|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||25.82|
|Forward Dividend & Yield||1.73 (1.62%)|
|1y Target Est||N/A|
German software maker SAP will be launching a hiring initiative in March despite slowing growth in recent months and a new restructuring program, as staff acquisition is a long-term process, its personnel chief said in an interview. "We assume that we will have more employees at the end of the year than we have now," Cawa Younosi, head of human resources (HR) told business daily Handelsblatt. The company needs experts in growth areas such as artificial intelligence, cloud computing and the internet of things, Younosi said, adding competitors were also looking for new staff.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Looking at SAP SE's (FRA:SAP) recent earningsRead More...
Three local companies made Fortune Magazine’s latest “100 Best Companies to Work For” list. SAP America, the German software giant’s American division, was the highest among local entrants by ranking No. 28. Based in Newtown Square, the company received praise for offering full-time benefits packages to part-timers who work just 24 hours a week and for its Internship Experience Project — a six-month, full-time paid program that hired 310 recent college graduates last year and has a 50 percent retention rate. Comcast NBCUniversal was ranked No. 71.
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MU(Continued from Prior Part)Restructuring to cost ~$1.0 billion SAP SE (SAP) wants to reconfigure its business structure, a reorganization it estimates will cost up to ~$1.0 billion. The
Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. In December 2018, SAP SE (FRA:SAP) announced its Read More...
The number of tech M&A; deals in the Bay Area rose last year over the previous year, while the value of those deals edged down. Here’s how that performance stood in contrast to the M&A; activity overall in North America and Europe.
Chief Executive William McDermott said roughly 4,400 employees are likely to be affected, though the company expects its current workforce of about 96,500 to grow by the end of 2019. “We are going to move our people, and our focus, to the areas where the new economy needs SAP the most,” he said in an interview, citing such opportunities as artificial intelligence, the Internet of Things, blockchain and quantum computing. Mr. McDermott said there would be a mix of new assignments, early retirements and exit packages, and the company will continue to offer training.
SAP SE (SAP) Q4 top-line benefits from favorable growth in cloud subscriptions and support, and expanding customer base. The company also released an optimistic guidance for 2019.
SAP also said its $8 billion purchase of U.S.-based Qualtrics International in November helped it lift 2019 revenue guidance to a range of €28.6 billion to €29.2 billion. "In 2018, SAP hit or exceeded all guidance metrics even after multiple raises," said CEO Bill McDermott. "With Qualtrics joining SAP, we are now poised to revolutionize the business software industry with Experience Management.
The Walldorf, Germany-based company said it had profit of $1.61 per share. Earnings, adjusted for one-time gains and costs, were $1.72 per share. The results missed Wall Street expectations. The average ...
SAP will take a restructuring charge of up to 950 million euros ($1 billion) to reshape its business after growth slowed in parts of the software maker over the last three months. "The one surprise for us is the announcement of a major restructuring programme in FY19," analysts at Credit Suisse said.
(SAP.XE) said Tuesday it is planning to execute a companywide restructuring program for the first time since 2015 to simplify company structures and focus on strategic growth areas. The company expects to see a “minor cost benefit” in 2019 from the restructuring. The restructuring program should “further simplify company structures and processes and to ensure its organizational setup, skills set and resource allocation continue to meet evolving customer demand,” SAP said.
(Bloomberg) -- U.S. stocks fell after Caterpillar and Nvidia blamed slowing global growth for disappointing results, augmenting concern the trade war with China is hitting corporate profits. Oil slid.
Sapphire Ventures has a new $115 million fund focused on sports tech startups and backed by major sports, media and lifestyle businesses, including the 49ers and San Jose Sharks. Here, fund leaders Doug Higgins and Michael Spirito speak to the Business Journal about their strategy, some of their early investments, and the kinds of startups they're looking to back.
Moody's Investors Service ("Moody's") has today upgraded the corporate family rating (CFR) of Sappi Limited (Sappi) to Ba1 from Ba2, as well as its probability of default rating (PDR) to Ba1-PD from Ba2-PD. Moody's has also changed the outlook on Sappi and Sappi Papier Holding GmbH to stable from positive.
The Latest on Enterprise Software Vendors MSFT, IBM, ORCL, CISCOMicrosoft says the shutdown isn’t good for business Speaking on CNBC recently, Microsoft’s (MSFT) chief legal officer, Brad Smith, said that the current partial shutdown of the US
According to one Sharks exec: "The tighter we are to the city of San Jose, the better off we are."
Workday (NASDAQ:WDAY) had quite a year on the markets gaining 57% in 2018; it's up more than 4% year to date through Jan. 17, which suggests Workday stock is on its way to a third consecutive year of significant gains since going public at $28 in October 2012. Currently trading at 14 times sales, it would be an expensive acquisition for any potential suitors including Microsoft (NASDAQ:MSFT), whose last significant acquisition was its $26.2 billion purchase of LinkedIn in 2016; itself a pricey nine times sales. Despite the daunting idea of paying such a big price for a company with just $2.6 billion in TTM revenue and an operating loss of $424 million, here are three reasons why it makes sense for Microsoft to pull the trigger. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dark Horse Stocks You Really Need to Look at for 2019 ### Workday Stock and Big HR If you're unfamiliar with Workday's business and business model, it provides cloud-based software human resources and accounting departments for medium- to large-sized companies around the world including 50% of the Fortune 50. It makes money on a subscription basis with companies typically signing contracts of three years or longer with the fees based on the number of employees. In fiscal 2018, it had revenues of $1.8 billion. In 2012, the year it went public, it had annual revenue of $134.4 million, a yearly growth rate of 54%. Workday estimates the worldwide human capital management software industry is an $18 billion market, expected to grow to $24 billion by 2022. More important, the company believes that the company's total addressable market is five times the HCM market if you include payroll, financial, analytics, and planning opportunities in a calculation of its growth potential. That could be huge for Workday stock. As for Microsoft, it has Dynamics, a customer relationship management (CRM) software business that generates approximately $2.5 billion annually. Buying Workday would make it a more formidable competitor in the CRM field while also giving it access to one of the hottest segments of the software industry. ### Workday Stock and Cloud Expertise Microsoft is the world's largest commercial cloud company with an annual run rate of $21.2 billion, approximately $800 million ahead of second place Amazon (NASDAQ:AMZN) and double IBM (NYSE:IBM) in a distant third position. There's no question Microsoft's dominant position in the cloud would provide Workday with the resources it needs to keep growing at 50% or more each year. "Microsoft has talked about its large ambitions in business apps, but we note that Dynamics has around $2.5 billion run-rate revenue vs. applications product revenue of $20 billion at SAP (NYSE:SAP), $13 billion at Salesforce (NYSE:CRM), and $11 billion at Oracle (NYSE:ORCL)," RBC Capital Markets analyst Matthew Hedberg said in a recent report. "Furthermore, by acquiring Workday, Microsoft would add another asset that can heavily leverage the Azure cloud infrastructure." Microsoft has $32 billion in free cash flow to make this deal happen. Certainly, there are other cheaper alternatives to WDAY stock such as Ceridian HCM (NYSE:CDAY), a company whose stock I recommended in May, in large part because of its CEO, David Ossip, who's done a masterful job growing its business. However, Ceridian HCM's annual revenue is one-third Workday's; it wouldn't deliver as much of a boost to Microsoft's top- and bottom line, not to mention its trajectory of growth. ### Workday Stock and LinkedIn Were Microsoft to gobble up Workday, it would become the largest acquisition in the company's storied history. Acquisitions of any size are tough to make work because the synergies and savings projected often don't materialize. In addition, the merging of cultures fails to click, creating a situation where 1 + 1 = 1.5 rather than 3. The larger the acquisition, the more likely these two conditions come into play. In other words, every deal's odds of going south is higher than you might think. Investors felt that way about LinkedIn back in 2016. Here's just one example: "Let's put aside the fact that this is almost four times as much as the company paid for its dismal Nokia deal," wrote VentureBeat contributor Chris O'Brien in June 2016. "Microsoft bought Yammer in 2012 for $1.2 billion and Skype before that for $8.5 billion. How many enterprise-type communication platforms does one company need?" Plenty. In December, InvestorPlace's James Brumley discussed LinkedIn's integration with Office 365, providing insight into the many ways Microsoft is adding value for its users. "Office 365 subscribers and LinkedIn users are likely to be well-aware of the fact that the two platforms now work as one," Brumley wrote Dec. 17. "The company's Outlook e-mail software seamlessly connects with LinkedIn's data, giving LinkedIn's users quick and easy access to their Outlook contacts. The connection even allows LinkedIn users to collaborate on Office 365 documents." Microsoft's figured out how to integrate apps and platforms into its existing business. Adding WorkDay to the mix shouldn't be too difficult given its experience with LinkedIn. Lessons learned. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Growth Stocks for the Return of the Bull * The 10 Best Index Funds to Buy and Hold * 10 Lithium Stocks to Buy Despite the Market's Irrationality Compare Brokers The post If You Have Workday Stock, Here Are 3 Reasons Microsoft Could Buy It appeared first on InvestorPlace.
Medic chuckled as he recounted the moment. Three hours earlier, at least four gunmen and a suicide bomber had stormed 14 Riverside Drive, a leafy office, restaurant and hotel complex in the heart of Kenya's capital, kicking off a 20-hour siege in which 21 people were killed. At 3.39 p.m. (1339 GMT), Medic, the 56-year-old Swiss founder of a private security firm, was on his way home from work in a taxi when he saw injured people being carried along the side of the road.
The StartX alumnus is looking for new space after its workforce more than doubled in the past year to 200 employees and is expected to hit between 300 and 400 in the next year.