|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||116.18 - 117.32|
|52 Week Range||99.20 - 122.74|
|PE Ratio (TTM)||28.45|
|Forward Dividend & Yield||1.73 (1.45%)|
|1y Target Est||137.87|
Jul.19 -- SAP SE Chief Financial Officer Luka Mucic discusses the pickup in cloud subscriptions which led the company to raise its 2018 and 2020 outlook. Mucic speaks from Walldorf, Germany, on "Bloomberg Markets: European Open."
Ride the Cloud. shares are set to open at a record high Friday after the group topped fourth quarter earnings estimates on the surging strength of its cloud computing business. Microsoft posted a Street-beating bottom line of $8.87 billion in the three months ending in June, the company said following the close of trading Tuesday, with overall revenues rising 17.5% to $30.09 billion.
SAP's second-quarter results benefit from strong growth in cloud subscriptions & support as well as expanding customer base.
SAP SE Chief Financial Officer Luka Mucic discusses the pickup in cloud subscriptions which led the company to raise its 2018 and 2020 outlook. Mucic speaks from Walldorf, Germany, on "Bloomberg Markets: ...
Unleash the cloud. boosted its full-year and near-term cloud computing sales forecasts as Europe's biggest tech company looks to ride a solid second quarter into a full-blown drive deeper into a $15 billion market dominated by Amazon Inc. Although software licensing and support revenue is still the largest portion of SAP's sales, at €3.73 billion, that portion of the business only grew 3% from last year, SAP said.
Opening declines of up to 3.7 percent tempered CEO Bill McDermott's bullish outlook as he told reporters SAP's new sales software suite, announced last month, was "taking the market by storm". It also upped its forecast for the cloud in 2020 after segment revenues grew by 40 percent, at constant currency, in the second quarter. "We are increasing guidance as a signal that a new wave of growth has been unleashed," McDermott told reporters on a conference call.
On a per-share basis, the Walldorf, Germany-based company said it had net income of 72 cents. Earnings, adjusted for one-time gains and costs, came to $1.17 per share. The results missed Wall Street expectations. ...
SAP SE raised its outlook for the year, citing an accelerating cloud business in the second quarter as the German software giant benefited from increased spending on its business products. SAP is increasingly betting on its cloud subscription business, which it expects to account for about 29 percent of total revenue by 2020, up from around 16 percent in 2017. The company this year made its biggest acquisition in more than three years when it bought Callidus Software Inc. for about $2.4 billion, gaining access to new sales analytics and customer engagement tools.
Operating Profit Up Double-Digit Raises 2018 Outlook and 2020 Ambition - Cloud Revenue Growth Accelerates, Up 30% (IFRS) and Up 40% (Non-IFRS at Constant Currencies), Outpacing Competition - New Cloud ...
Shares of SAP SE (SAP) added 0.3% during regular hours Wednesday, the last day of trading before it releases its latest quarterly earnings report. Investors displayed excitement ahead of the report, and this is certainly a stock to watch once the full results are in.
On Thursday, SAP (NYSE: SAP ) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Earnings and Revenue Analysts covering SAP modeled ...
Germany-based SAP's (SAPG.DE) late push into fast-growing sales and marketing software has won Europe's most valuable technology company plaudits from industry analysts. As the dominant provider of software that helps companies run back-office functions like finance and supply-chain management, SAP's aim is to bundle other Customer Relationship Management (CRM) services like e-commerce, data analysis and sales customisation to win market share from rivals. With its new focus, SAP, which is valued at $149 billion (114.26 billion pounds), is throwing down the gauntlet to Salesforce (CRM.N), a CRM specialist that leads the market with its cloud-based offering, as well as to Oracle (ORCL.N) and Microsoft (MSFT.O).
Germany-based SAP's late push into fast-growing sales and marketing software has won Europe's most valuable technology company plaudits from industry analysts. As the dominant provider of software that helps companies run back-office functions like finance and supply-chain management, SAP's aim is to bundle other Customer Relationship Management (CRM) services like e-commerce, data analysis and sales customization to win market share from rivals.
SAP (SAP) aims to double its CRM (customer relationship management) software sales in two years, according to Reuters. SAP seems to be excited by the CRM software market’s healthy growth. “In 2018, CRM software revenue will continue to take the lead of all software markets and be the fastest growing software market with a growth rate of 16 percent,” Gartner said in a release.
Fast-growing Davis-based retail data analytics company Engage3 has hired a new chief financial officer with experience with high-growth technology companies.
Patelco Credit Union is moving to Dublin. After eight years in its Pleasanton headquarters, the financial cooperative has snapped up a 209,120-square-foot office building at 3 Park Place in Dublin for about $55 million, or $262 a square foot. Patelco plans to move about 400 employees there within the next two years.
SAP's new leader in Silicon Valley talks about how he hopes to lead the local division to a more startup-centric model — a slight departure from its predominately enterprise-focused direction — its local growth plans, and more.
WALLDORF, Germany , July 10, 2018 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the expansion of its strategic partnership with Thomson Reuters to simplify converting cross-border transaction prices ...
For many investors, Oracle Corporation (NYSE:ORCL) is an aging institution in a rapidly evolving technology sector. While no one questions their technical and business acumen, ORCL stock appears increasingly irrelevant. Sure, ORCL stock has experienced considerable volatility and choppiness this year.
A majority of corporate executives are optimistic about their company’s ability to prevent data breaches and other security incidents, but that outlook may be misguided and dangerous, cybersecurity specialists say. Only one-in-four executives said they are very concerned or extremely concerned with their company’s level of security, according to a survey released Monday by cybersecurity firm ERP Maestro Inc. That compares with 80% of IT and security professionals who said they were very or extremely concerned. The findings suggest there is a wide disconnect between executives who allocate funding for cybersecurity tools and the employees who implement these measures on the ground, said Jody Paterson, chief executive of ERP Maestro, which commissioned the survey.
NEW YORK, July 02, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of SAP ...
Stock Research Monitor: RNG, SAP, and SHOP LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want a free Stock Review on RHT sign up now at www.wallstequities.com/registration . On Wednesday, benchmark ...