VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") is pleased to announce the next phase of its go-to-market strategy with the appointment of Grifyn McErlean as a Business Development Consultant. Mr. McErlean, an ecosystem marketing specialist from SAP, will play a critical role in accelerating the company's market expansion and business development efforts as Scope AI continues to drive adoption of its cutting-edge data and quantum e ...

SAP SE's (SAP) stock is continuing its upward trajectory, with a gain of 50% in the past year compared with 18.6% and 19.8% growth of the S&P 500 composite and the sub-industry, respectively. The company is one of the largest independent software vendors in the world and the leading provider of enterprise resource planning (ERP) software. SAP boasts an extensive partner ecosystem with 20,000 plus partners worldwide in more than 140 countries. SAP's strong financial performance is buoying the stock trajector ...

WALLDORF, Germany, Aug. 7, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced Xerox Holdings Corp. (Nasdaq: XRX) has chosen multiple SAP solutions to transform its enterprise architecture as part of its multi-year Reinvention. Xerox's Reinvention involves aligning its resources to improve and stabilize its core print businesses, increase productivity and efficiency, and focus on its emerging digital services and IT services capabilities to improve business outcomes for its clients. Moving to the Cloud ...

Chief Revenue Officer Scott Russell has played a central role in helping SAP customers around the world on their journey to the cloud. His success gives SAP the opportunity to develop the full potential of the company's best-of-suite offering, ensuring customers take advantage of SAP's solutions to maximize agility and innovation. A search for Scott Russell's successor is underway. SAP CEO Christian Klein will assume responsibility for the sales organization in the interim. "In the context of SAP's ongoing ...

Summary Following my coverage on SAP (NYSE:SAP) in Apr'24, which I recommended a buy rating due to my expectation that SAP can sustain its premium valuation due to the strong growth momentum, as seen from its CCB growth trend and growing adoption of AI, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for SAP as demand remains absolutely solid, as seen from the strong CCB trends, 2Q24 top-line growth, and AI adoption. Margins are also set to improve in th ...

Powered by resilient performance in the cloud business, SAP reported total revenues on a non-IFRS basis of €8.288 billion ($8,921.3 million), which rose 10% year over year both at nominal and constant currencies (cc) basis. The Zacks Consensus Estimate was pegged at $8,864.7 million. Additionally, it plans to invest substantially in Business AI capabilities, leveraging AI-driven insights to enhance customer value and operational efficiency. Current cloud backlog — a key indicator of go-to-market success in ...

SAP now expects non-International Financial Reporting Standards (IFRS) operating profit of €10.2 billion (about $11.1 billion) in 2025, up from its previous forecast of €10 billion (about $10.9 billion), according to a Monday earnings release. "We continued to execute on our transformation program with great discipline with rehiring only for the skill sets we need," SAP CEO Christian Klein said Monday during the company's quarterly earnings call. "As you have seen, we are increasing the volume of the progra ...

The company-wide transformation program we initiated in January continues to progress well, further enhancing our operational efficiencies and laying the groundwork for sustained long-term growth. All of this has paved the way for positive trend towards larger cloud transactions with deals greater than EUR5 million in volume, yet again contributing more than half of our cloud order entry. So to sum it up, we have demonstrated strong momentum in the first-half of the year, underpinned by unabated growth mome ...

Gross margin development | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|-------|-------|-----------|-------|-------|-------|-------| | Non-IFRS, in percent as reported | Q1 23 | Q2 23 | Q3 23 | Q4 23 | FY 23 | Q1 24 | Q2 24 | | Cloud | 70.8 | 71.4 | 73.0 | 72.2 | 71.9 | 72.5 | 73.3 | | Software licenses & support | 88.9 | 90.2 | 90.1 | 89.8 | 89.8 | 89.2 | 89.7 | | Cloud & software | 79.9 | 80.6 | 81.2 | 81.0 | 80.7 | 79.8 | 80.2 | | Services | 21.0 | | 17.8 21.2 | ...

SAP SE (SAP) is slated to report second-quarter 2024 results on Jul 22. The Zacks Consensus Estimate for revenues is pegged at $8.86 billion, implying an improvement of 8.4% from the year-ago quarter. The consensus mark for earnings is pegged at $1.01 per share, indicating a year-over-year decline of 11.4%. SAP delivered first-quarter 2024 non-IFRS earnings per share (EPS) of €0.81, which increased 8% year over year. The company reported total revenues on a non-IFRS basis of €8.04 billion, which increased 8 ...