Core Insights - SAP has become Europe's most valuable company with a market capitalization of approximately $342.4 billion, driven by enthusiasm for artificial intelligence and gains in the German stock market [1] - The company reported a significant increase in cloud revenue, up 25% year-on-year in 2024, indicating strong growth potential [3] Group 1: Company Performance - SAP's shares increased by 1.16% on a recent trading day and have risen over 40% in the past year [1] - The company's cloud backlog reached €63.3 billion ($68.5 billion) in 2024, marking a record for the company [4] Group 2: Market Position and Strategy - Analysts from Bank of America have identified SAP as their top large-cap software pick for 2025, citing potential for further upside driven by AI and ongoing cloud migration [3] - SAP is leveraging its extensive customer base and rich business data to create new opportunities in AI, which is expected to enhance revenue generation [2][4]

Core Points - Saputo Inc. will have a presentation by Mr. Carl Colizza, President and CEO, at the CIBC Retail and Consumer Conference on March 26, 2025 [1] - The presentation will be accessible via a live webcast on the company's website [1] Company Overview - Saputo is one of the top ten dairy processors globally, producing a wide range of high-quality dairy products including cheese, fluid milk, and cultured products [2] - The company is a leading cheese manufacturer in Canada and ranks among the top three cheese producers in the USA [2] - In Australia, Saputo is a leading dairy processor, while in Argentina, it is the top dairy processor [2] - In the UK, Saputo is the leading manufacturer of branded cheese and dairy spreads [2] - The company also produces dairy alternative products and sells under market-leading and private label brands [2] - Saputo Inc. is publicly traded on the Toronto Stock Exchange under the symbol "SAP" [2]

Core Insights - The Josh Bersin Company reveals the significant impact of Artificial Intelligence (AI) in HR, emphasizing that AI enhances productivity and employee experience rather than merely providing time-saving benefits [1][2][11] Group 1: AI Impact on Workforce - The study confirms that AI-driven achievements extend beyond efficiency, positively affecting employee experience, effectiveness, and overall productivity [2][3] - The emergence of the AI-empowered "superworker" is highlighted, showing that AI is used to enhance HR services without workforce reductions [3][4] - AI tools are enabling employees to become more productive, addressing real business challenges and driving better outcomes [8][10] Group 2: Beneficiaries of AI in HR - Key groups benefiting from AI include employees, candidates, managers, HR professionals, and L&D specialists, with employees experiencing the most significant impact [4][5] - AI applications such as career assistants and project matching are improving employee satisfaction and skill alignment [6][7] Group 3: Quantifiable Benefits of AI - AI copilots for HR inquiries accelerate employee search speeds by 95% and AI-driven career assistants boost employee satisfaction with career opportunities by 25% [6] - AI-powered project and role matching improves skill-to-assignment alignment by 30% and reduces bias in candidate selection by 25% [6] - A modest 0.25% increase in productivity per employee for an organization with 10,000 employees translates to an additional 5.2 hours of productivity per year per person [9]

Core Viewpoint - SAP SE has launched SAP Sovereign Cloud capabilities to assist Canadian businesses in securely utilizing cloud technologies while ensuring data control and compliance with local regulations [1][3]. Group 1: SAP Sovereign Cloud Features - SAP Sovereign Cloud is designed to help organizations manage risks related to data security, residency, and digital sovereignty, particularly in regulated sectors like public services and defense [1][3]. - The cloud services ensure that customer and operational data are stored and managed within Canada, adhering to data sovereignty laws such as the Privacy Act, PIPEDA, and GDPR [3]. - Enhanced cybersecurity measures are integrated into the SAP Sovereign Cloud, including software hardening and supply chain hardening, to protect against cyber threats [4]. Group 2: Initial Offerings and Future Plans - The initial rollout includes key solutions like SAP S/4HANA Private Cloud Edition, SAP Business Technology Platform, and SAP Analytics Cloud, enabling secure management of critical business processes [5]. - Additional offerings, such as SAP SuccessFactors HCM and SAP Fieldglass, are expected to be introduced in 2025, highlighting SAP's commitment to innovation through Canadian R&D [6]. Group 3: Stock Performance - Following the announcement of SAP Sovereign Cloud, SAP's shares increased by 2%, closing at $280.65 on March 3, 2025 [2]. - Over the past year, SAP's shares have risen by 49.8%, significantly outperforming the industry growth of 1.3% [7].

Core Viewpoint - SAP SE has demonstrated strong stock performance, gaining 32% over the past six months, significantly outperforming the Computer Software industry and broader market indices, driven primarily by its cloud business transition [1][4]. Group 1: Cloud Business Performance - SAP's cloud business is a major growth driver, with cloud backlog increasing by 43% year-over-year to €63.3 billion at the end of 2024 [4]. - Cloud revenues surged 25% to €17.1 billion in 2024, with the Cloud ERP Suite being a key contributor, showing a 33% rise in revenues [4][5]. - The company's cloud strategy includes strong performance from AI-integrated solutions, with half of fourth-quarter cloud order entries incorporating AI use cases [6]. Group 2: AI Investments and Innovations - SAP is heavily investing in AI, with over 30,000 developers focused on enhancing its AI capabilities, expecting to generate around €300 million in efficiency gains in 2025 [9][10]. - The introduction of the SAP Green Ledger solution reflects SAP's commitment to sustainability and innovation, linking emissions data with financials [8]. Group 3: Financial Outlook - For 2025, SAP anticipates cloud revenues between €21.6 billion and €21.9 billion, indicating a year-over-year increase of 26-28% [11]. - Total cloud and software revenues are expected to be in the range of €33.1 billion to €33.6 billion, with a projected increase of 11-13% year-over-year [12]. - Non-IFRS operating profit is estimated to be between €10.3 billion and €10.6 billion, reflecting a rise of 26-30% year-over-year [12]. Group 4: Challenges and Market Position - SAP faces challenges with declining software license and support revenues, which fell 3% year-over-year to €3.56 billion in the fourth quarter [13]. - The company is navigating a volatile macroeconomic environment, increasing costs, and stiff competition in the cloud sector [13]. - Despite these challenges, analysts have raised earnings estimates for SAP, indicating a positive outlook for the upcoming quarters [14].

Core Insights - SAP SE has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. SEC, and it is available online [1] - The SAP Integrated Report 2024 is also accessible online, providing comprehensive insights into the company's performance [1] - This year's sustainability information aligns with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) for the first time [2] Company Information - SAP is recognized as a global leader in enterprise applications and business AI, with over 50 years of experience in uniting business-critical operations across various domains [4] - The company offers resources for customers to learn more about its products, including a Global Customer Center contact number [4]

Revenue Growth - The company reported significant growth in cloud revenue, which is the largest revenue stream, followed by software support revenue [29]. - Total revenue for 2024 was €34,176 million, an increase from €31,207 million in 2023, representing a growth of approximately 9.4% [59]. - Cloud revenue for 2024 reached €17,141 million, up from €13,664 million in 2023, indicating a growth of about 25.5% [59]. - Operating profit for 2024 was €8,153 million, compared to €6,514 million in 2023, reflecting an increase of approximately 25.2% [61]. - The operating margin for 2024 was 24.0%, up from 20.9% in 2023 [61]. Financial Metrics - Operating profit (non-IFRS) and free cash flow are primary measures used to assess profitability and liquidity, with free cash flow calculated as net cash flows from operating activities adjusted for capital expenditures [31]. - The effective tax rate (non-IFRS) is presented for informational purposes, reflecting the variability of gains and losses associated with equity investments [51]. - Free cash flow for 2024 was €4,113 million, down from €5,093 million in 2023 [57]. - Under the revised definition effective from 2025, free cash flow would have been €4,222 million for 2024, compared to €5,116 million for 2023 [54]. Cloud Backlog and Market Demand - Current cloud backlog (CCB) reflects contractually committed cloud revenue expected to be recognized over the next 12 months, indicating strong market demand [30]. - The total contractually committed cloud revenue (TCB) is a key indicator of go-to-market success, reflecting both new contracts and renewals [39]. Revenue Predictability and Stability - The share of more predictable revenue, which includes cloud revenue and software support revenue, is a critical metric for financial stability [40]. Customer and Employee Engagement - The company emphasizes the importance of customer loyalty, measured by the net promoter score (NPS), to achieve financial goals [34]. - Employee engagement is tracked through an index that reflects satisfaction and commitment, crucial for the company's growth strategy [35]. Diversity and Inclusion - The Women in Executive Roles (WiER) metric monitors gender diversity in top management levels, supporting the company's commitment to equal opportunity [36]. Financial Planning and Performance Evaluation - The company utilizes non-IFRS financial measures for internal planning and performance evaluations, providing a clearer view of operational performance [45]. - The company plans to update its definition of free cash flow to better reflect cash generated from operating activities starting in 2025 [54]. Research and Development Expenses - Research and development expenses for 2024 were €6,508 million, slightly reduced from €6,316 million in 2023 [60]. - Total operating expenses for 2024 were €26,022 million, compared to €24,693 million in 2023, showing an increase of about 5.4% [60]. Currency Adjustments - Constant currency measures are used to provide additional insights into sales performance, with adjustments made for foreign currency effects [55].

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the participation of its executives at the following event. This event will be webcast, and a replay will be made available shortly after the events on the SAP Investor Relations website: https://www.sap.com/investors/en/calendar.html Morgan Stanley Technology, Media & Telecom ConferenceSan Francisco, California, US Muhammad Alam, SAP Product Engineering and member of the SAP Executive Board will hold a Fireside Chat at the ...

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE: SAP) recommend that shareholders approve a dividend of €2.35 per share for fiscal year 2024. This is an increase of €0.15, or 6.8% compared to the dividend paid for fiscal year 2023 (€2.20). If approved by shareholders and assuming the same level of treasury shares at the time of SAP SE's Annual General Meeting of Shareholders on May 13, 2025, and as at December 31, 2024, the total amount distributed ...

Christian Klein, CEO of the software group SAP, during the annual press conference. Europe's largest software manufacturer SAP is today announcing its figures for the past financial year.SAP is one of the world's largest software companies. Databricks is among the fastest growing.On Thursday, the two companies announced a partnership that will put Databricks' data analysis technology alongside SAP's human resources, finance and logistics software so that customers can more easily access and make sense of th ...