Financial Performance - Q4 2024 cloud revenue grew 27% to €4.71 billion, driven by a 35% increase in Cloud ERP Suite revenue to €3.95 billion [10] - Full-year 2024 cloud revenue increased 25% to €17.14 billion, with Cloud ERP Suite revenue up 33% to €14.17 billion [6][17] - Total cloud backlog reached €63.29 billion, up 43% year-over-year [6][16] - Non-IFRS operating profit for 2024 increased 25% to €8.15 billion, with a margin of 23.9% [19] - Free cash flow for 2024 was €4.11 billion, down 19% due to restructuring payouts of €2.5 billion [21] Cloud and AI Strategy - Half of Q4 cloud order entry included AI, reflecting the company's strong position in Business AI [2] - Cloud ERP Suite, including SAP S/4HANA Cloud and SAP Business Technology Platform, contributed €14.17 billion in revenue, up 33% [6][17] - The company launched collaborative AI agents and SAP Green Ledger, a comprehensive carbon accounting system [31][32] - "RISE with SAP" and "GROW with SAP" offerings drove significant customer adoption, including BASF, BP, and Ford Motor Company [27][28] Regional and Customer Performance - Q4 cloud revenue growth was strong in APJ and EMEA, with outstanding performances in China, France, and India [30] - Full-year cloud revenue growth was led by China, Germany, and India, with Brazil and Saudi Arabia also showing strong results [30] - Key customer wins included ABB, Bayer, and PwC Germany, with notable go-lives for SAP S/4HANA Cloud by Coles Group and General Motors [29][28] 2025 Outlook - Cloud revenue is expected to grow 26%-28% to €21.6-21.9 billion at constant currencies [37] - Non-IFRS operating profit is projected to increase 26%-30% to €10.3-10.6 billion [37] - Free cash flow is anticipated to nearly double to approximately €8.0 billion, based on updated definitions [37] - Current cloud backlog growth is expected to slightly decelerate in 2025 [34] Transformation and Restructuring - The 2024 transformation program incurred €3.2 billion in expenses, with €2.5 billion paid out in 2024 and €0.7 billion expected in 2025 [25] - Restructuring expenses impacted IFRS operating profit, which declined 20% to €4.66 billion [19] - The program focused on scalability and strategic growth areas, with payouts affecting free cash flow [25][21] Non-Financial Metrics - Customer Net Promoter Score (NPS) increased to 12, at the upper end of the outlook range [22] - Employee engagement index recovered to 76% in H2 2024, ending the year at 74% [22] - The proportion of women in executive roles increased to 22.5%, in line with targets [23] - Carbon emissions remained flat at 6.9 Mt, missing the initial guidance for a decrease [23]

SAP SE (SAP) is scheduled to report results for the fourth quarter of 2024 on Jan. 28.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter 2024 earnings has been revised 2.9% downward in the past 60 days and is pegged at $1.33 per share. Additionally, the consensus mark implies a 12.5% decline from the year-ago reported actuals. The Zacks Consensus Estimate for fourth-quarter 2024 revenues is currently pegged at $9.66 billion, indicating a ...

SAP SE (SAP) and Qualtrics, a leader in experience management (XM), have announced a new partnership to enhance employee experiences. Integration of SAP SuccessFactors with Qualtrics XM for Employee Experience is expected to reduce employee attrition, retain and develop top talent, boost engagement and drive productivity.With a new SAP Endorsed Apps agreement, organizations using SAP SuccessFactors can now integrate Qualtrics XM for Employee Experience, unlocking advanced tools like People Engage, People Li ...

New York, United States, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Geospatial analytics applies spatial or geographical data to analyze and understand relationships, trends, and patterns within a geographic region. Methodologies from computer science, geography, statistics, and mathematics are combined in geospatial analysis to comprehend spatial relationships and patterns. Geospatial analytics comprises the analysis of location-based, remote sensing, spatial, and Geographic Information System (GIS) data, among oth ...

PROVO, Utah and WALLDORF, Germany, Jan. 22, 2025 /PRNewswire/ -- Qualtrics, the leader in experience management (XM), and SAP today announced a new partnership helping organizations bring together the power of SAP SuccessFactors and Qualtrics® XM for Employee Experience™ to improve employee experience, reduce unwanted employee attrition, retain and develop top performers, improve employee engagement, and increase productivity.Under the new SAP Endorsed Apps agreement, organizations using SAP SuccessFactors ...

MONTRÉAL, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Saputo will release its fiscal 2025 third quarter financial results on Thursday, February 6, 2025. A press release will be issued after markets close, and a conference call is scheduled on Friday, February 7, 2025, at 8:30 a.m. (Eastern Time) to discuss the Company’s results. The speakers will be Mr. Carl Colizza, President and CEO and Mr. Maxime Therrien, CFO and Secretary. To participate: Webcast: A live webcast of the event can be accessed using this link.Prese ...

SAP SE (SAP) has announced the forthcoming release of “RISE with SAP on IBM Power Virtual Server.” This new hyperscaler solution offers IBM Power customers a streamlined and efficient pathway to accelerate their enterprise resource planning (ERP) transformation journey. Designed for businesses transitioning to SAP S/4HANA Cloud, the solution aids in the seamless transition to cloud as well as enhanced cloud-based ERP modernization, including artificial intelligence (AI)-powered business processes. RISE with ...

SAP SE (SAP) has teamed up with Loop Earplugs, specializing in sound protection accessories, to power its growth opportunities worldwide. Loop selected SAP S/4HANA Cloud Public Edition through the GROW with SAP for Scaleups program to provide a powerful, localized enterprise resource planning (ERP) solution that integrates smoothly with external partners and supports demanding supply chain operations. The initiative aids fast-growing companies like Loop in augmenting their scale of operations, optimizing va ...

MONTRÉAL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (Saputo or the Company) announced today that Frank Guido will step down from his role as COO, Saputo Inc., effective immediately, for personal reasons. In addition to his current responsibilities, Carl Colizza, President and CEO, will assume the duties of COO, Saputo Inc., by interim. The Company would like to thank Mr. Guido for his commitment and dedication throughout his years of service and wishes him the best in his future endeavours. A ...

SAN MATEO, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- SIOS Technology Corp., a leading provider of high availability (HA) and disaster recovery (DR) solutions, today announced that SIOS Protection Suite for Linux, including SIOS LifeKeeper for Linux version number 9.9, has been certified by SAP Integration and Certification Center (SAP ICC) for integration with SAP S/4HANA using standard integration technologies. This achievement highlights SIOS’ ongoing commitment to delivering robust HA and DR solutions th ...