Core Insights - Saputo Inc. reported solid financial results for the second quarter of fiscal 2026, with revenues of $4.721 billion, a slight increase of 0.3% compared to the previous year, driven by higher sales volumes and prices in North America and international markets [2][3] - The company achieved an adjusted EBITDA of $450 million, reflecting a 15.7% increase year-over-year, with an adjusted EBITDA margin of 9.5% [3][4] - Net earnings rose to $185 million, or $0.45 per share, up from $126 million, primarily due to higher adjusted EBITDA and a gain on hyperinflation in Argentina [4][9] Financial Highlights - Revenues for the second quarter were $4.721 billion, up $13 million from $4.708 billion in the same quarter last year [3] - Adjusted EBITDA reached $450 million, an increase of $61 million or 15.7%, with a margin improvement from 8.3% to 9.5% [3][4] - Net earnings increased to $185 million, up $59 million from the previous year, with earnings per share rising from $0.30 to $0.45 [4][9] Sector Performance Canada Sector - Revenues increased to $1.373 billion, up 6.1% from $1.294 billion, driven by higher sales volumes in retail, foodservice, and industrial segments [20][21] - Adjusted EBITDA for the sector was $179 million, a 10.5% increase from $162 million, with a margin of 13.0% [23][24] USA Sector - Revenues decreased to $2.153 billion, down 3.2% from $2.225 billion, impacted by lower US dairy commodity prices [28][29] - Adjusted EBITDA rose to $167 million, a 15.2% increase from $145 million, with a margin improvement to 7.8% [32][34] International and Europe Sectors - International Sector revenues were $871 million, down 4.5% from $912 million, while Europe Sector revenues increased to $324 million, up 17.0% [43][58] - Adjusted EBITDA for the International Sector was $79 million, a significant increase of 46.3%, while Europe Sector adjusted EBITDA decreased to $25 million [48][62] Strategic Initiatives - The company emphasized the importance of commercial investments, operational improvements, and cost optimization initiatives in driving performance [2][3] - Continued focus on maximizing returns on investments and strengthening commercial strategies is a priority moving forward [2][3] - The company plans to maintain disciplined capital deployment and expects capital expenditures of approximately $360 million in fiscal 2026 [68]

By Foo Yun Chee BRUSSELS (Reuters) -SAP, Europe's largest software maker, is set to make a formal offer of concessions shortly to ​settle an EU antitrust investigation and stave off a possible hefty fine, people ‌with direct knowledge of the matter said. The case will help EU regulators counter U.S. criticism that they only ‌target U.S. tech giants such as Alphabet, Apple and Meta Platforms that have faced billions of euros in fines. The European Commission, which started an investigation into SAP's sof ...

CARLSBAD, Calif.--(BUSINESS WIRE)-- #3E--3E, a leading global provider of regulatory expertise and intelligent product compliance solutions, today announced the formal extension of its long-term partnership with SAP, reaffirming both companies' commitment to co-innovation and customer success. Under the extended collaboration, 3E will continue to deliver embedded regulatory content for SAP® S/4HANA® for product compliance, while supporting expanded commercial models and initiatives designed to empowe. ...

Core Insights - The collaboration between Snowflake and SAP aims to enhance industry collaboration and standardization through the Open Semantic Interchange initiative [3][4] - The integration allows SAP Business Data Cloud customers to access Snowflake's AI and data capabilities, while Snowflake customers can utilize SAP's data products [5][9] - SAP's cloud revenue increased by 22% in Q3 2025, indicating strong performance and a focus on AI agent development [7] Group 1 - The Open Semantic Interchange initiative seeks to create a vendor-neutral framework for sharing semantic metadata across platforms [3] - Major companies like BNY, Colgate-Palmolive, Walmart, and PepsiCo are implementing AI agents to enhance business objectives [4] - The integration is designed to simplify data sharing and enhance the development of AI applications [9] Group 2 - The partnership combines SAP's expertise in business applications with Snowflake's modern data platform to provide a unified experience [6] - The collaboration is expected to empower customers with greater openness and choice in data management [5] - Snowflake introduced new developer tools to assist enterprises in building and deploying AI applications [9]

Core Viewpoint - Companies are scaling back their expectations for AI agents, recognizing that while AI tools have improved efficiency, fully automated AI agents face significant challenges in deployment, cost, and reliability [1][4][8] Group 1: AI Agent Deployment Challenges - Many enterprises are encountering difficulties with complex AI agents, which often fail to perform adequately, necessitating direct intervention from AI providers to troubleshoot issues [4][5] - For instance, Fnac, a European retailer with annual revenue of $10 billion, struggled with AI customer service agents until they collaborated with AI21 Labs for support, leading to improved performance [4][6] - Companies are realizing that AI models perform well in benchmark tests but require substantial customization to function effectively in real-world environments [5][8] Group 2: Financial Implications and Revenue Growth - The adoption of general-purpose chatbots and AI programming tools has led to revenue growth for companies like OpenAI and Microsoft, with AI-native startups generating an annualized revenue of $23 billion, up from nearly zero three years ago [10][11] - However, calculating the revenue specifically attributed to AI agents remains challenging, as much of the growth for major cloud companies comes from server rentals rather than enterprise AI applications [11][12] - Salesforce reported over $100 million in annual revenue from its Agentforce product, while ServiceNow anticipates reaching $1 billion in revenue by the end of 2026 from its AI software [11][12] Group 3: Realistic Expectations for AI Automation - Executives from various companies emphasize the need for realistic expectations regarding the automation capabilities of AI agents, particularly in critical areas like cybersecurity, which may take years to fully automate [14][15] - Companies are increasingly viewing AI tools as experimental projects rather than immediate revenue-generating investments, with Microsoft suggesting that AI agents should be considered as part of R&D budgets for long-term benefits [17] - Despite the challenges, companies like Cirque du Soleil have successfully implemented AI agents to improve efficiency, demonstrating that while AI may not fully replace human roles, it can enhance productivity [16]

Core Insights - Snowflake has announced a partnership with SAP that will allow its AI platform to be integrated as an SAP solution extension, potentially providing access to SAP's extensive customer base of 440,000 [2][3]. Partnership Overview - The partnership aims to enhance Snowflake's offerings by making its AI platform available to companies utilizing SAP's Business Data Cloud, facilitating access to data embedded in SAP applications [3]. - Snowflake's Executive Vice President of Product expressed excitement about the partnership, viewing it as a significant business opportunity [4]. Revenue Growth Potential - The partnership could potentially increase Snowflake's revenue growth rate by approximately five percentage points, depending on the percentage of SAP customers that adopt Snowflake's services [5]. - An estimated 34,000 customers currently use SAP's Business Data Cloud, and if 5% of them engage with Snowflake, it could significantly elevate Snowflake's revenue growth rate from 32% to 45% in 2026 [16][17]. Benefits for SAP - SAP anticipates that the partnership will provide its customers with greater data accessibility, enhancing their operational efficiency [6]. - The collaboration is expected to broaden choices for SAP customers, complementing existing partnerships with other cloud storage platforms [8]. Customer Use Cases - The partnership offers three primary use cases for customers: those with existing Snowflake data, SAP customers seeking Snowflake access, and hybrid customers [9]. - It aims to streamline data access, reducing the time and costs associated with data retrieval from SAP applications [10][11]. Impact on AI and Customer Experience - The partnership is designed to enhance the utility of generative AI applications by reducing friction in data access, thereby accelerating time to insight and value [12]. - Snowflake's solutions are positioned to improve customer experiences by providing timely and relevant data for customer interactions [13]. Case Study - AstraZeneca has highlighted the benefits of this partnership, emphasizing its role in enhancing data access and analysis for real-time decision-making in the healthcare sector [14][15]. Long-term Growth Outlook - The partnership is expected to increase Snowflake's revenue per customer, as more data access leads to higher computing resource usage and revenue generation [19].

Core Insights - SAP is enhancing its development process by integrating AI capabilities into its SAP Build solution, aiming to empower developers to achieve faster and more impactful results [1][2] - The company has committed to equipping 12 million people globally with AI-ready skills by 2030, reflecting its focus on workforce development in the AI era [1][11] Developer Ecosystem - SAP Build now offers developers greater freedom to build, extend, and automate applications using familiar tools, enhancing the overall development experience [2] - New integrations with popular development solutions like Visual Studio Code and n8n will allow developers to utilize SAP Build capabilities seamlessly [3][6] Data Utilization - SAP Business Data Cloud is expanding its connectivity with various data and AI platforms, including a new partnership with Snowflake, which enhances data governance and interoperability [6] - Developers can now create data products from raw data, facilitating analytics and application development [7] - The SAP HANA Cloud knowledge graph engine can automatically generate knowledge graphs, providing insights into data relationships and business relevance [8] AI Advancements - SAP introduced its first enterprise relational foundation model, SAP-RPT-1, which predicts business outcomes, enhancing decision-making capabilities [9][10] - New AI assistants in Joule are designed to coordinate workflows across various departments, improving automation and operational efficiency [11]

Core Insights - Esker has announced a strategic partnership with Numen to enhance SAP digital transformation for enterprises in North and South America [1] - The partnership aims to assist companies in modernizing their finance and operations ecosystems in light of SAP's maintenance phase-out [1] Company Overview - Esker is recognized as a leading AI Automation Suite specifically designed for the Office of the CFO [1] - Numen is identified as a leading technology solutions provider specializing in SAP digital transformation [1] Industry Context - The partnership is positioned as timely, coinciding with SAP's transition away from maintenance services, indicating a significant shift in the industry landscape [1]

Core Insights - Snowflake and SAP SE have announced a collaboration to integrate Snowflake's AI Data Cloud with SAP Business Data Cloud, enhancing data accessibility for organizations [1] Group 1: Collaboration Details - The partnership aims to provide a seamless experience for organizations to utilize Snowflake's AI Data Cloud alongside SAP's offerings [1] - Snowflake's data and AI platform will be available as a solution extension for SAP BDC customers, facilitating richer data utilization [1]

Core Insights - Nestlé is implementing a more AI-focused ERP system to enhance order fulfillment and align supply with demand in real time for both in-store and online retailers [3][4] - The company plans to reduce costs by cutting 16,000 jobs, which represents 6% of its global workforce, with a significant portion of cuts affecting corporate roles [4] - The upgrade involves transitioning from the legacy SAP ECC system to SAP S/4HANA, with the first phase already completed across 112 countries and 50,000 employees [5][8] Company Strategy - The CEO of Nestlé indicated that the company has not been efficient historically and aims to improve decision-making through increased digitization and automation [4] - The deployment of the new ERP system is expected to provide more flexibility, capabilities, and insights, facilitating faster global product rollouts to meet customer needs [8] Technological Transition - Nestlé migrated its entire SAP ERP to the SAP Private Cloud in 2022, with plans to complete the S/4HANA installation over the next two years [5][8] - The new system will incorporate SAP's AI-powered assistant to enhance procurement, supply chain management, and order fulfillment efficiency [8]