|Bid||122.26 x 76700|
|Ask||122.36 x 56500|
|Day's Range||121.20 - 122.60|
|52 Week Range||83.95 - 125.00|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||43.11|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||1.50 (1.23%)|
|1y Target Est||N/A|
The customer experience and robust supply chain visibility are crucial, Paige Cox, senior vice president and head of Digital Supply Chain Networks development at SAP SE (NYSE: SAP), and Jett McCandless, CEO of project44, said Tuesday at FreightWaves LIVE Chicago during a discussion about their companies' partnership. "Everything now is surrounded by the customer experience," Cox said. In McCandless' two decades of experience in the transportation and logistics industry, he has become an innovative leader who has guided several startups from ideation to expansion.
Angela Merkel has urged Europe to seize control of its data from Silicon Valley tech giants, in an intervention that highlights the EU’s growing willingness to challenge the US dominance of the digital economy. The German chancellor said the EU should claim “digital sovereignty” by developing its own platform to manage data and reduce its reliance on the US-based cloud services run by Amazon, Microsoft and Google. “So many companies have just outsourced all their data to US companies,” Ms Merkel told German business leaders.
(HON) is one of the largest industrial companies on the planet. It won’t be for much longer if CEO Darius Adamczyk has his way. The 53-year-old former electrical engineer doesn’t dream of chopping Honeywell (ticker: HON) into smaller pieces, as industrial peers like (UTX) (UTX) plan to do.
Cambridge-based edX recently promoted its COO to co-CEO, joining WeWork, SAP and many Massachusetts-based companies with two occupants in the corner office. The non-traditional organizational structure provides a form of backup, but can also open the door to unclear visions and communication issues, experts say.
German Enterprise Software Developer SAP SE (FRA: SAP) will provide an extra capital return of $1.7 billion to its shareholders in 2020, the company said in an official statement on Monday. SAP credited “strong financial performance” in 2019 as the reason behind the move. The company’s supervisory board has permitted to lay out this return either by repurchasing stocks or issue a special dividend of the same volume by Dec. 31, 2020.
Despite the company's strong market position, Moody's considers ADP's competitive landscape which includes pressures from rival service providers such as Paychex, Inc. (unrated), Ceridian HCM Holding Inc. (B2, stable) and Ultimate Software Group, Inc. (The) (B3, positive), long-established enterprise application software vendors, such as Oracle Corporation (A1, stable) and SAP SE (A2, stable), and more recent entrants such as Workday, Inc. (unrated) whose solutions have been specifically built as single application platforms in the cloud. The company's credit rating also considers ADP's exposure to economic cyclicality with respect to employment levels and interest rate volatility as well as shifting structural trends and work arrangements within the company's markets. Additional risks to the issuer's credit quality include ADP's smaller scale relative to its rated peer group, service line concentration, limited geographic diversity, and potential reputational risk in the event of a data security or customer privacy breach of the company's systems.
It was a busy week for Microsoft (NASDAQ:MSFT) -- and the week didn't end at 4 p.m. on Friday. Not only did Microsoft report quarterly results a few days ago, but a large contract with the U.S. Department of Defense was announced going into the weekend. All of this coincides with a potential breakout setup in MSFT stock.Source: VDB Photos / Shutterstock.com So the question now is, can it break out?If it can't, the action would be pretty telling. There are a lot of positives and if MSFT stock can't move higher on that, what could move it higher?InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhen stocks act bearish on bullish news, it's not a good sign. I'm not saying that will happen with Microsoft, but it's an outcome investors should at least consider. Let's take a closer look and see what's going on with Microsoft stock. Microsoft EarningsMicrosoft reported a better-than-expected quarter last week. Earnings of $1.38 per share topped estimates by 14 cents per share, while revenue of $33.1 billion topped expectations by $860 million and grew 13.7% year-over-year. * 7 AI Stocks to Buy to Profit from the Recent Tech Correction Fiscal Q2 revenue guidance of $11.3 billion to $11.5 billion topped consensus expectations of $11.4 billion, while guidance for smart cloud revenue also came in ahead of estimates. There were some concerns about cloud growth for Microsoft, but by and large, this was a strong quarter.For a stock that's been biding its time as it trades sideways, this could be just the thing MSFT needs.The quarter also reassured the analyst community. Piper Jaffray has a "buy"-equivalent rating on Microsoft stock, along with a $158 price target. Wedbush analysts bumped their target to $160 from $150. Atlantic Equities also went to $160, from $155. Trading MSFT StockDespite the solid quarter, MSFT stock didn't move with the bullish conviction that investors were hoping for. Shares did rebound back over prior uptrend support (blue line), but did not break out like many had wanted.Let's rewind a little bit, though.MSFT stock had been on fire until July, where it topped out at $141.20. From there, shares consolidated for months, riding uptrend support higher and finding "emergency support" at the 100-day moving average anytime trend support gave way. Both of those emergency occasions occurred in October, with the most recent occurrence happening just before earnings.However, each rally faded once it approached the $140-$141 area. MSFT set up as an ascending triangle, a classic bullish pattern consisting of a series of higher lows that fail to penetrate a static level of resistance.Now though, that resistance level will give way and bulls need to see the much-awaited move stick.On Friday evening, it was announced that Microsoft won the JEDI cloud contract from the Pentagon over Amazon (NASDAQ:AMZN). The contract is worth as much as $10 billion and is giving MSFT stock price a shot in the arm. Shares were higher by almost 2.5% in pre-market trading to $144.40 on Monday.In order for the breakout to hold though, Microsoft stock must stay above $142. Back below this mark and the breakout could fail. Above this mark and a continued move higher is possible.Keep it simple: Over $142 is bullish, below not so much. Bottom Line on MSFTSporting expectations for 11.5% revenue growth and 13.3% earnings growth this year, while trading at roughly 27 times this year's earnings is not exactly bargain territory. But Microsoft stock continues to hold up very well. The stock market is near all-time highs and MSFT has been consolidating for months, with investors salivating for a breakout.In my view, it's not the time to bet against Microsoft. Its earnings clearly show there's momentum in the business. With the SAP (NYSE:SAP) partnership sending more business Microsoft's way and after landing the coveted JEDI contract, it's clear that that momentum is only accelerating.With fundamental momentum in hand, the bulls have a chance to gain momentum on the charts as well. I like MSFT stock as long as it's over $142. Below and the stock needs to be re-evaluated. But for those looking for something to short, you may want to look beyond Microsoft.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 AI Stocks to Buy to Profit from the Recent Tech Correction * 5 IPO Stocks With Lockup Expiration Dates Around the Corner * 3 Clean Energy ETFs for a Brighter Future The post Can Microsoft Stock Break Out on Earnings, Pentagon Contract? appeared first on InvestorPlace.
(Bloomberg) -- German Chancellor Angela Merkel’s government is about to unveil plans for a cloud service to allow European companies to avoid storing data with U.S. or Asian rivals such as Amazon.com Inc. or Alibaba Group Holding Ltd.Economy Minister Peter Altmaier will reveal the service -- named Gaia-X after a Greek goddess symbolizing Earth -- at a tech conference Tuesday in Dortmund, Germany. He has worked on the project with officials from companies including SAP SE, Deutsche Telekom AG and Deutsche Bank AG, according to a strategy paper by the Economy Ministry obtained by Bloomberg News."Data are the resource of the future," according to the paper. "That’s why Germany and Europe needs data infrastructure that ensures data sovereignty and enables the sharing of data on a broader and secure basis."Geopolitical tensions and trade wars are making European politicians cautious about domestic champions ceding control of their data to the likes of Amazon, Google or China’s Alibaba, fearing European companies could lose control of data about customers or production.Under the Trump Administration’s Cloud Act signed last year, U.S. storage providers can be ordered to provide local authorities information held on their servers no matter where that data is physically located. 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.Gaia-X is meant to serve as a link between several different cloud services by providing a joint standard to share data. That way, a European mobility startup could make use of information provided by transport authorities, for example.Read More: European Companies Look to Build Their Own Walls in the CloudGermany plans to create a company-type organization for the cloud service in the first half of next year, according to the paper. Altmaier has in the past said the service is meant to become a European platform, but it’s unclear whether more governments in the region have agreed to participate in the project.Agnes Pannier-Runacher, France’s deputy economy minister, told Bloomberg in July that businesses relinquishing control of their data was “a systemic risk” to the competitiveness and sovereignty of an economy. Germany’s central bank has also warned the region’s banking sector that the move to shifting data on the cloud will make the industry harder to monitor.To contact the reporters on this story: Birgit Jennen in Berlin at email@example.com;Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Giles Turner, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
WALLDORF, Germany , Oct. 24, 2019 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the appointment of Thomas Saueressig to the SAP Executive Board effective November 1, 2019 . Saueressig will continue ...
(Bloomberg) -- ServiceNow Inc. incoming Chief Executive Officer Bill McDermott promised to transform the growing software maker into a “global juggernaut” as he works to convince investors he’s the right man for the job.“I wanted at this stage in my career a company that was in the early stage of its growth pattern and help them go to the next phase, to truly become one of the most admired software brands in the world,” McDermott, who stepped down earlier this month as CEO of German software giant SAP SE, said Wednesday in an interview. “The company is on a roll. I’m going to fortify that and continue that. The experience of what I know and I’ve seen will be incredibly helpful to ServiceNow. This company will be a global juggernaut.”ServiceNow has long promised to organize tedious parts of office life, like setting up a help desk for IT operations and bringing on board new employees. The company has expanded into new markets, such as human resources, to maintain an annual sales growth rate of at least 35%, which it has achieved since going public in 2012. McDermott’s appointment Tuesday concerned some investors and analysts who highlighted that he hasn’t led “growth companies,” having worked at Xerox and spent about a decade as the first American CEO of Walldorf, Germany-based SAP.McDermott dismissed the criticism, saying ServiceNow is glad to have a “street fighter” like him in its corner.“If someone says Bill McDermott is best known for running large, global, powerhouse companies and they say ‘Is he the right person to lead ServiceNow because it’s not as large,’ I would say, I was completely unaware of ServiceNow’s intention to stay small,” he said. “I’m a leader. I lead organizations and establish visions. At the same time, I’m conforming to ServiceNow’s culture. I think that’s why I am the perfect person.”McDermott added that continuity is important and he sees himself as similar to John Donahoe, ServiceNow’s current CEO, who is stepping down in January to run Nike Inc. McDermott also said he wants all of ServiceNow’s current executives to remain in place when he takes the top job.McDermott said he has interviewed a pool of candidates in the search for ServiceNow’s next chief financial officer and was looking for a candidate who could fit the company’s culture and boost its operating margins and profit. “I think we have found such a person,” he said. The software maker may announce a pick before Thanksgiving in late November, he said.The Santa Clara, California-based company projected subscription revenue that topped Wall Street estimates Wednesday. Sales from subscriptions will be $897 million to $902 million in the current period, ServiceNow said in a statement. Analysts on average expected subscription revenue of $897.7 million, according to data compiled by Bloomberg. That would represent 35% growth compared with a year earlier.The company also reported adjusted profit of 99 cents per share in the period that ended Sept. 30, above analyst estimates of 89 cents.The stock climbed about 4% in extended trading after closing at $220.01 in New York Wednesday. The shares have gained 24% this year.McDermott said that he would stick to ServiceNow’s goal of reaching $10 billion in annual revenue by an unspecified time.“Very simply, I completely buy in, stand behind it, and I’m looking forward to achieving it,” McDermott said on a conference call with analysts.While McDermott is known for his penchant for large acquisitions, such as SAP’s almost $8 billion purchase of Qualtrics International Inc., he said in an interview ServiceNow still had a lot of room for organic growth, which is his preference.“There is no need at this time for large scale M&A maneuvers,” he said.(Updates with comments from earnings call in the 11th paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
When the music stopped Tuesday afternoon, the CEOs of three large public companies were sitting in new seats. (NKE) (ticker: NKE) announced Tuesday afternoon that Chief Executive Mark Parker would step down by the end of the year, to be replaced by (NOW) (NOW) CEO John Donahoe. Just minutes later, ServiceNow said that its new CEO will be Bill McDermott, who stepped down from the CEO role at (SAP) (SAP) less than two weeks ago.
(Bloomberg) -- ServiceNow Inc., a cloud-based corporate software provider, appointed former SAP SE Chief Executive Officer Bill McDermott as its new CEO, succeeding John Donahoe, who is departing to run Nike Inc.McDermott, 58, surprised the software industry earlier this month when he stepped down from Walldorf, Germany-based SAP. He joined Europe’s largest software maker in 2002 and was the first American to hold the CEO position at the company. As CEO for a decade, McDermott embraced cloud computing, changing the way SAP sold software so customers could use it over the internet.In ServiceNow, McDermott will lead a much smaller company than SAP, but one that is growing rapidly. The Santa Clara, California-based company makes software that businesses use to automate workflows such as creating a help desk for employees, managing internal projects, bringing on board new workers and providing customer service. The company’s large deals with big corporate clients have fueled sales, which grew 36% in fiscal 2018 to $2.61 billion.“Investors wonder if ServiceNow is such a great opportunity why would John Donahoe leave, even if it is to take over one of the most iconic consumer brands in Nike,” Sterling Auty, an analyst at JPMorgan Chase & Co., wrote Tuesday in a note. “Also, our conversations with investors makes us believe that Bill McDermott will receive a lukewarm reception as the incoming CEO.”Separately, ServiceNow reported preliminary earnings results, which had been scheduled to be released Wednesday. Subscription revenue grew 35% in the third quarter to $835 million, the company said in a statement. For the full fiscal year, the company expects subscription revenue of $3.24 billion to $3.25 billion. ServiceNow expects subscription billings to grow 32% to 33% this fiscal year compared with a year earlier.ServiceNow’s stock fell more than 9% in extended trading on the news. The shares had climbed 28% this year to $228.34 at the close in New York Tuesday.Donahoe, 59, who joined ServiceNow in April 2017, will remain CEO through the end of the year before starting his Nike tenure in January, the company said. The former EBay Inc. chief executive officer will maintain his seat on ServiceNow’s board through his term, which ends in June.(Updates with analyst comment in fourth paragraph.)To contact the reporters on this story: Tom Giles in San Francisco at firstname.lastname@example.org;Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Former SAP chief executive Bill McDermott has been hired as the new CEO of Santa Clara-based ServiceNow. McDermott, 58, is set to take over for John Donahoe, who announced Tuesday his new role as CEO of Nike. Donahoe had been CEO of ServiceNow since 2017, almost two years after he stepped down as CEO of eBay.
(Bloomberg Opinion) -- India’s best-known software exporter is facing an impossible trinity of sorts: Out of sales, margins and governance, Infosys Ltd. can hit only two goals at a time.Or so it would appear from yet-to-be-proven whistle-blower allegations against Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy that they used hyper-aggressive accounting practices to hide from investors the lack of profitability on large deals. The stock tanked as much as 16% in Mumbai after the letter was published by the Deccan Herald. It’s a deja vu moment for co-founder and non-executive Chairman Nandan Nilekani, who returned to the Bangalore-based company two years ago during a previous crisis — sparked by a set of different anonymous charges against Parekh’s predecessor, the former SAP executive Vishal Sikka, who was accused of impropriety in a $200 million acquisition in Israel.That scandal culminated in an unseemly spat between Sikka and the board on one side and N.R. Narayana Murthy, another of the company’s co-founders, on the other. Sikka resigned in August 2017. The new board exonerated him, but by then the damage was done.It’s been a slow road to recovery. At a one-year-forward price-to-earnings multiple of 20 times at the end of September, Infosys’s valuation is now almost 50% higher than at the depth of the last crisis. The risk is of a repeat of that slump.If investors start to believe that the culture at the software services provider, once seen as India’s most transparent company, is beyond redemption, expect a durable deepening of the 10% discount at which Infosys traded against larger rival Tata Consultancy Services Ltd., or TCS, at the end of last month. Since the company’s American depository receipts trade in New York, there’s also the threat of expensive class-action suits.The allegations are being evaluated by the audit committee and the board. The CEO and the CFO won’t be a part of those deliberations. Whatever the truth of the whistle-blower’s complaints, another protracted governance saga could be just as damaging.It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets. As a private company, it could rediscover its moorings and find a new purpose in a digital world where clients increasingly want nimble, cloud-based, on-demand software, rather than clunky, on-premise enterprise solutions.At $12 billion in the fiscal year that ended in March, Infosys revenue is nowhere close to Sikka's 2020 target of $20 billion. An operating margin of less than 23% was lower than the near 26% at TCS, according to data compiled by Bloomberg.After a period of rehabilitation, Infosys should be able to deliver all three targets: sales growth, margins and good governance. Some private time could be just what it needs to get fixed.To contact the author of this story: Andy Mukherjee at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
“He is a customer-facing type guy, definitely, very much so — but he’s also had roles on the internal side,” one analyst tells the Business Journal. “I think that would be a good move on Oracle’s part.”
SAP SE (NYSE: SAP), the German enterprise software conglomerate, replaced its chief executive officer of nine years, Bill McDermott, last week, with a pair of co-CEOs, board members Jennifer Morgan and Christian Klein. During his tenure, McDermott led SAP's pivot to cloud software and grew the company's market share in Europe.
Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud. The partnership, called "Embrace", will help clients to run operations hosted at remote servers supported by SAP's flagship S/4HANA database, new Co-Chief Executive Jennifer Morgan said as SAP released third-quarter results in line with preliminary figures released on Oct. 11. "We bundled SAP's cloud platform services to support customers around the extension, integration and orchestration of SAP systems," Morgan told reporters, adding that Microsoft would act as a reseller for the product.
European stocks were in the black on Monday, but just barely as investors weigh up a busy weekend of Brexit developments. Hopes that a deal is going to happen is pushing up the banks.