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SAP climbs on cloud backlog as markets tilt mixed ahead of Friday trade
markets1 month ago

SAP climbs on cloud backlog as markets tilt mixed ahead of Friday trade

SAP rose about 3% in pre-market trading after reporting a 27% YoY jump in cloud order backlog to €22.9B and €9.88B in revenue, beating forecasts. The broader picture shows a mixed open for European markets as oil hovers near $100 per barrel amid Middle East tensions and AI-related spending fueling yields; Asia stocks were broadly lower with notable moves in SK Hynix and SoftBank, and the U.S. is set to impose tariffs on 60 countries.

via CNBC|
#cloud-backlog#markets#oil-prices
SAP-Palantir Deepens AI-Driven Migration Push to Speed ERP Cloud Shift
technology3 months ago

SAP-Palantir Deepens AI-Driven Migration Push to Speed ERP Cloud Shift

SAP and Palantir are expanding their partnership to use AI-powered data-migration tooling alongside SAP’s migration toolchain to accelerate cloud ERP migrations for customers, with Accenture as a global partner. The effort includes Palantir AIP for data migrations, SAP Endorsed App on the SAP Store, and a planned SAP Solution Extension for SAP Cloud ERP, targeting faster value realization and AI-enabled operations in 2026 and beyond.

via SAP News Center|
#ai#autonomous-enterprise#data-migration
SAP to Acquire Reltio to Forge an AI-Ready Data Backbone
technology5 months ago

SAP to Acquire Reltio to Forge an AI-Ready Data Backbone

SAP will acquire Reltio to strengthen its SAP Business Data Cloud and deliver an interoperable, AI-ready data platform that unifies SAP and non-SAP data. The deal, expected to close in Q2 or Q3 2026, brings Reltio’s cloud-native MDM and entity-resolution capabilities into SAP BDC, enabling trusted, context-rich data for enterprise AI and real-time multi-agent workflows, with Reltio offered as both a standalone solution and as part of SAP products.

via news.sap.com|
#ai#data-integration#master-data-management
SAP shares slide as cloud-backlog miss spooks investors
business7 months ago

SAP shares slide as cloud-backlog miss spooks investors

SAP’s shares fell as much as 14% after Q4 cloud backlog rose 16% to €21.1 billion, missing forecasts of roughly 26% growth and signaling a deceleration in 2026; overall revenue reached €9.7 billion and operating profit €2.6 billion, while management said the quarter laid a foundation to accelerate growth through 2027 despite investor concerns about AI and legacy software dynamics.

via CNBC|
#ai#business#cloud-backlog
Palantir May Stall in 2026 as SAP Poised for 40% Rally, Analysts Say
business7 months ago

Palantir May Stall in 2026 as SAP Poised for 40% Rally, Analysts Say

Analysts expect Palantir’s recent momentum to slow in 2026 due to a lofty valuation (forward P/E near 182 and PEG around 2.9) despite strong growth, while SAP is viewed more favorably with a PEG near 1.0 and a potential ~40% upside, suggesting SAP could outpace Palantir next year. The piece notes Wall Street skepticism of Palantir’s multiple and cites Motley Fool commentary on both stocks.

via The Motley Fool|
#ai#business#palantir
SAP and Google Cloud Transform Enterprise AI with Zero-Copy Data and Expanded Ecosystems
technology10 months ago

SAP and Google Cloud Transform Enterprise AI with Zero-Copy Data and Expanded Ecosystems

SAP and Google Cloud have expanded their partnership by launching SAP Business Data Cloud Connect for Google BigQuery, a zero-copy data sharing solution that enables real-time, secure access to SAP data within Google BigQuery. This integration aims to eliminate data replication, improve data governance, and accelerate AI and analytics initiatives by providing businesses with immediate access to trusted, business-ready data for building intelligent agents, automating workflows, and gaining deeper insights. The solution is available in multiple regions and plans for broader availability in 2026.

via SAP News Center|
#ai#bigquery#data-integration
SAP Acquires SmartRecruiters to Boost Talent Acquisition and HR Solutions
business1 year ago

SAP Acquires SmartRecruiters to Boost Talent Acquisition and HR Solutions

SAP is acquiring SmartRecruiters, a recruiting software company, to enhance its HR tools by integrating SmartRecruiters' user-friendly interfaces and workflows, allowing customers to manage the entire candidate lifecycle in a single system. The deal is expected to close in Q4 2023, with SmartRecruiters valued at around $1.5 billion based on its last funding round.

via TechCrunch|
#acquisition#business#hr-software
Ukraine Restores Anti-Corruption Agencies Amid Political Tensions
politics1 year ago

Ukraine Restores Anti-Corruption Agencies Amid Political Tensions

Ukrainian President Zelenskyy signed a law restoring independence to key anti-corruption agencies, NABU and SAP, after domestic protests and EU pressure led to a reversal of a previous bill that aimed to control these agencies. The new law includes measures like mandatory polygraph tests for officers and aims to eliminate Russian influence, with both agencies praising the change.

via politico.eu|
#anti-corruption#nabu#politics
SAP's Mixed Q2 Results and Cloud Revenue Challenges Impact Stock
business1 year ago

SAP's Mixed Q2 Results and Cloud Revenue Challenges Impact Stock

SAP reported Q2 earnings and revenue slightly above Wall Street estimates, with a 36% increase in earnings and a 9% rise in revenue, driven by a 28% growth in cloud computing revenue. Despite the positive results, SAP's stock dipped slightly after the report, as the company reaffirms its 2025 outlook and continues shifting towards subscription-based cloud services.

via Investor's Business Daily|
#business#cloud-computing#earnings