Anthropic and OpenAI Upgrades Send Tech Stocks Tumbling as SAP Feels the Impact Anthropic and OpenAI’s latest AI features have rattled markets, prompting sharp sell-offs in software and enterprise stocks …
SAP
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SAP Q2 results: Cloud backlog jumps 27% to €22.9bn as CFO positions SAP as AI beneficiary SAP Q2 results: Cloud backlog up 27% to €22.9bn, revenue and operating profit rise; …
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Technology
SAP reports Q2 revenue up 9% as cloud sales surge 22% and profit rises
by Helga Moritzby Helga MoritzSAP Q2 results show revenue up 9% to €9.88bn as cloud sales surge 22% SAP Q2 results: revenue rose 9% to €9.88bn, cloud sales jumped 22%. Adjusted operating profit €2.74bn …
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Technology
SAP Rebuffs Investor Fears, Says AI Drives New Enterprise Software Orders
by Helga Moritzby Helga MoritzChatGPT Pressure Tests Enterprise Software Market as SAP’s Klein Rejects Order Losses ChatGPT and other generative AI tools are reshaping expectations for enterprise software, but SAP’s Klein says the company …
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Technology
SAP Announces Interim Transition as Alam Exits to Advise on All-in on AI
by Helga Moritzby Helga MoritzSAP transition: Klein announces temporary arrangement to limit disruption after Alam’s departure SAP transition: CEO Christian Klein says a temporary measure to limit disruption after Alam’s departure, with a US …
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Technology
EU AI gigafactories bid planned by SAP, Deutsche Telekom and Schwarz Group
by Helga Moritzby Helga MoritzEU AI gigafactories: Deutsche Telekom, SAP and Schwarz Group prepare joint bid to host multi‑billion data centers Deutsche Telekom, SAP and the Schwarz Group signalled a joint bid for EU …
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Technology
SAP Announces Autonomous Enterprise Vision to Automate ERP Across Finance, Logistics, HR
by Helga Moritzby Helga MoritzSAP pushes “Autonomous Enterprise” to automate ERP tasks SAP unveiled its “Autonomous Enterprise” vision in Orlando, promising ERP systems to automate finance, logistics and HR tasks with AI and workflow …
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Technology
SAP continues search for long-term supervisory chair after Hasso Plattner 2024 exit
by Helga Moritzby Helga MoritzSAP supervisory board chair remains unresolved as Plattner steps down and Renjen set to assume role SAP supervisory board chair search continues after Hasso Plattner’s 2024 exit; Punit Renjen was …
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Technology
SAP acquires Prior Labs, invests €1 billion to build global AI lab
by Helga Moritzby Helga MoritzSAP acquires Prior Labs, pledges over €1 billion to build global AI laboratory SAP acquires Prior Labs and will invest more than €1 billion over four years to create a …
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Business
SAP posts robust Q1 as cloud revenue surges 19% and backlog rises 20%
by Leo Müllerby Leo MüllerSAP Q1 results: Cloud revenue climbs 19% as AI demand lifts profit but company warns of Q2 slowdown SAP Q1 results: cloud revenue up 19% and adjusted EBIT +17%. Company …