SAP.DE - SAP SE

XETRA - XETRA Delayed price. Currency in EUR
125.96
+3.52 (+2.87%)
At close: 5:35PM CET
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Previous close122.44
Open123.50
Bid125.74 x 76700
Ask125.76 x 56500
Day's range123.42 - 125.96
52-week range88.41 - 125.96
Volume3,059,906
Avg. volume1,826,397
Market cap154.742B
Beta (5Y monthly)1.07
PE ratio (TTM)44.38
EPS (TTM)2.84
Earnings date28 Jan 2020
Forward dividend & yield1.50 (1.23%)
Ex-dividend date16 May 2019
1y target estN/A
  • Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices
    Bloomberg

    Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices

    (Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer.  Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Hipmunk's co-founders tried to buy it back before the shutdown
    TechCrunch

    Hipmunk's co-founders tried to buy it back before the shutdown

    In a little over a week, the travel metasearch engine Hipmunk will shut down. It's also entirely feasible that the offer came too late, or just wasn't significant enough, for a company as large as SAP to slam the brakes and start detangling things.

  • Microsoft CEO Satya Nadella: Here's what will define the future of retail
    Yahoo Finance

    Microsoft CEO Satya Nadella: Here's what will define the future of retail

    Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.

  • Bloomberg

    Everyone Wants a Piece of Enterprise Tech Companies

    (Bloomberg) -- With all eyes this week on the CES trade show in Las Vegas, famous for a mind-boggling array of personal gadgets, it’s worth considering something counterintuitive: Venture capitalists like consumer technology a lot less than they used to.According to PitchBook data compiled for Bloomberg, last year the normal order of funding in venture capital flipped. Enterprise technology companies, which specialize in software or services for businesses—long the dowdiest landing pad for venture dollars—attracted $30.42 billion, PitchBook data shows, about one-third more cash than consumer technology companies.That funding total is growing fast. Enterprise companies’ venture haul for 2019 was almost double the previous year’s. Meanwhile, the cash going to consumer companies fell by almost a quarter between 2018 and 2019, according to PitchBook data, to $23.26 billion.Those numbers mark the first time in at least last five years that pure enterprise companies have raised more money than consumer-facing tech, the data shows. (Though a separate "undetermined" category, where the distinction between enterprise and consumer technology is not as clear, regularly outpaces both.) The switch comes at a time when enterprise companies’ initial public offerings have been warmly received by investors. For example, shares in video communications company Zoom Video Communications Inc. almost doubled after its April initial public offering. And security company Crowdstrike Holdings Inc. is up almost two-thirds following its June debut. Meanwhile, the most hotly anticipated consumer IPOs have underperformed. Ride-hailing service Uber Technologies Inc. is down by about a third since its June offering, and in an extreme case, co-working company WeWork’s plan for the public markets dramatically crumbled last fall.But public market reception isn’t the only thing driving investment. The enterprise industry—less saturated by existing industry giants—has become a destination for some of the most talented entrepreneurs, and VCs know it. While corporate software may sound painfully boring, advancements in cloud computing and machine learning mean enterprise companies can give employees creative outlets. Investors liken the new opportunities to those once sparked for consumer startups by the advent of smartphones. In the consumer world, large companies are famous for edging out or buying up threatening upstarts. Either outcome means entrepreneurs in the giants’ crosshairs will never get to lead sizeable independent companies. While some large enterprise companies follow that playbook—SAP SE and Salesforce.com Inc. have cemented reputations as acquisition-hungry—enterprise founders often enjoy more latitude to say no to acquisition offers, with less fear that the bigger company will crush them.Cloud-monitoring business Datadog Inc., for example, turned down a bid from Cisco Systems Inc. just days before its IPO in September. And Slack Technologies Inc. continues to grow even as Microsoft Corp. has spent years pushing Teams, its own answer to office messaging.It helps that cutting-edge enterprise software requires a degree of specialization that can be hard to replicate. And increasingly, enterprise customers are open to working with startups, blunting the reputational advantage big brand-name companies enjoy when they roll out a competing product.For insights into how founders are thinking, consider Oleg Rogynskyy, whose business analytics company, People.ai, is the second enterprise startup he's founded. His career could have gone in a consumer direction if he had pursued the first business he got funding for—a photo feed he started in college in 2007. It could have turned into Instagram, maybe, or it could have gone the way of countless other less lucrative photo-sharing startups (remember Hipstamatic, PicPlz and Path?).Switching to enterprise was a good move, Rogynskyy says now. He believes enterprise companies can more easily grow to $100 million in revenue and reach IPO faster than their consumer counterparts, even if those IPOs might raise less capital. “The outcomes are smaller,” Rogynskyy says, “but the odds are higher.”This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here. And here’s what you need to know in global technology news:Leaked Facebook Executive Memo Grapples With Its Role In U.S. ElectionsThe New York Times obtained a memo written by Andrew Bosworth, the head of virtual and augmented reality at Facebook, mulling the social network's role in the rise of President Trump. As World Leaders Shun TikTok, Impersonators Creep InAs TikTok catches fire among the younger set, world leaders and politicians have kept their distance amid national security concerns about the Chinese-owned app.Bitcoin Goes Ballistic After Breaking Through $8,000 LevelBitcoin climbed to the highest since November after breaching the $8,000 price level.Google Says Over 500 Million People Use Its Assistant MonthlyGoogle said its digital assistant is used by more than 500 million people every month. Depending on your perspective, that’s either a win for Google, or a big miss.To contact the author of this story: Sarah McBride in San Francisco at smcbride24@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Taking A Look At SAP SE's (ETR:SAP) ROE
    Simply Wall St.

    Taking A Look At SAP SE's (ETR:SAP) ROE

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • The 20 best places to work in Britain
    Yahoo Finance UK

    The 20 best places to work in Britain

    Google comes out on top in new ranking as 'workers are increasingly prioritising culture over cash'.

  • Reuters - UK Focus

    UPDATE 2-European shares down for 4th day on trade worries; Germany outperforms

    European shares wiped gains and ended lower for a fourth session running on Tuesday as sentiment worldwide took a hit after U.S. President Donald Trump signalled delays to reaching a trade deal with China. London's FTSE, packed with trade-sensitive mining and energy stocks, lost 1.8%%, the most in the region, as material shares lost 1.6%.

  • Despite Its High P/E Ratio, Is SAP SE (ETR:SAP) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is SAP SE (ETR:SAP) Still Undervalued?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • Reuters - UK Focus

    UPDATE 1-German data mining software provider Celonis valued at $2.5 bln after funding round

    The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago. The funding round brings total investments into Celonis to $370 million.

  • Reuters

    German data mining software provider Celonis valued at $2.5 bln after funding round

    German data mining software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion (£1.9 billion) valuation on the company that has been compared with enterprise application giant SAP . The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago. "We are in a market that shows enormous momentum," co-CEO and co-founder Bastian Nominacher told Reuters, adding that Celonis would invest the funds raised in its global sales and customer service and in enhancing its cloud platform.

  • Reuters

    German data mining software provider Celonis valued at $2.5 billion after funding round

    German data mining software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion valuation on the company that has been compared with enterprise application giant SAP. The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago. "We are in a market that shows enormous momentum," co-CEO and co-founder Bastian Nominacher told Reuters, adding that Celonis would invest the funds raised in its global sales and customer service and in enhancing its cloud platform.

  • Reuters - UK Focus

    LIVE MARKETS-Value in banks?

    * US futures gain on trade deal optimism Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Could it be that the case for value has been driving European banks' stocks for the past three sessions? The banking sector is facing plenty of structural headwinds with ROEs struggling to grow but this doesn't seem to matter to the market today: European banks are up 1% and at their highest levels since May.

  • Reuters - UK Focus

    UPDATE 2-European shares hit more than 4-year peak on trade hopes

    European shares hit more than four-year highs on Tuesday, edging closer to record highs, driven by a rally in energy and commodity-linked stocks as U.S.-China trade-related optimism boosted risk appetite. China is pushing U.S. President Donald Trump to remove more tariffs as part of a "phase one" trade deal, which may be signed this month - a first step to ending a 16-month long trade war. Mining companies rose 1.7%, extending gains for a third session, while rising oil prices bolstered a rally in energy stocks.

  • At €121, Is SAP SE (ETR:SAP) Worth Looking At Closely?
    Simply Wall St.

    At €121, Is SAP SE (ETR:SAP) Worth Looking At Closely?

    SAP SE (ETR:SAP) saw a decent share price growth in the teens level on the XTRA over the last few months. With many...

  • The OUTstanding Top 50 LGBT+ Future Leaders 2019
    Yahoo Finance UK

    The OUTstanding Top 50 LGBT+ Future Leaders 2019

    All of the future models in this list, once they identify as LGBT+, can be in any position in a company and can be any nationality and based in any country.

  • Germany to Unveil European Cloud to Rival Amazon, Alibaba
    Bloomberg

    Germany to Unveil European Cloud to Rival Amazon, Alibaba

    (Bloomberg) -- German Chancellor Angela Merkel’s government is about to unveil plans for a cloud service to allow European companies to avoid storing data with U.S. or Asian rivals such as Amazon.com Inc. or Alibaba Group Holding Ltd.Economy Minister Peter Altmaier will reveal the service -- named Gaia-X after a Greek goddess symbolizing Earth -- at a tech conference Tuesday in Dortmund, Germany. He has worked on the project with officials from companies including SAP SE, Deutsche Telekom AG and Deutsche Bank AG, according to a strategy paper by the Economy Ministry obtained by Bloomberg News."Data are the resource of the future," according to the paper. "That’s why Germany and Europe needs data infrastructure that ensures data sovereignty and enables the sharing of data on a broader and secure basis."Geopolitical tensions and trade wars are making European politicians cautious about domestic champions ceding control of their data to the likes of Amazon, Google or China’s Alibaba, fearing European companies could lose control of data about customers or production.Under the Trump Administration’s Cloud Act signed last year, U.S. storage providers can be ordered to provide local authorities information held on their servers no matter where that data is physically located. A similar concept has been enshrined in Chinese law since 2017, in which information of citizens must be stored in-country and accessible on demand to the authorities.Gaia-X is meant to serve as a link between several different cloud services by providing a joint standard to share data. That way, a European mobility startup could make use of information provided by transport authorities, for example.Read More: European Companies Look to Build Their Own Walls in the CloudGermany plans to create a company-type organization for the cloud service in the first half of next year, according to the paper. Altmaier has in the past said the service is meant to become a European platform, but it’s unclear whether more governments in the region have agreed to participate in the project.Agnes Pannier-Runacher, France’s deputy economy minister, told Bloomberg in July that businesses relinquishing control of their data was “a systemic risk” to the competitiveness and sovereignty of an economy. Germany’s central bank has also warned the region’s banking sector that the move to shifting data on the cloud will make the industry harder to monitor.To contact the reporters on this story: Birgit Jennen in Berlin at bjennen1@bloomberg.net;Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Giles Turner, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • It's still a great time to be a Boomer CEO in America: Morning Brief
    Yahoo Finance

    It's still a great time to be a Boomer CEO in America: Morning Brief

    Top news and what to watch in the markets on Thursday, October 24, 2019.

  • Bloomberg

    Incoming ServiceNow CEO Pledges to Build Software ‘Juggernaut’

    (Bloomberg) -- ServiceNow Inc. incoming Chief Executive Officer Bill McDermott promised to transform the growing software maker into a “global juggernaut” as he works to convince investors he’s the right man for the job.“I wanted at this stage in my career a company that was in the early stage of its growth pattern and help them go to the next phase, to truly become one of the most admired software brands in the world,” McDermott, who stepped down earlier this month as CEO of German software giant SAP SE, said Wednesday in an interview. “The company is on a roll. I’m going to fortify that and continue that. The experience of what I know and I’ve seen will be incredibly helpful to ServiceNow. This company will be a global juggernaut.”ServiceNow has long promised to organize tedious parts of office life, like setting up a help desk for IT operations and bringing on board new employees. The company has expanded into new markets, such as human resources, to maintain an annual sales growth rate of at least 35%, which it has achieved since going public in 2012. McDermott’s appointment Tuesday concerned some investors and analysts who highlighted that he hasn’t led “growth companies,” having worked at Xerox and spent about a decade as the first American CEO of Walldorf, Germany-based SAP.McDermott dismissed the criticism, saying ServiceNow is glad to have a “street fighter” like him in its corner.“If someone says Bill McDermott is best known for running large, global, powerhouse companies and they say ‘Is he the right person to lead ServiceNow because it’s not as large,’ I would say, I was completely unaware of ServiceNow’s intention to stay small,” he said. “I’m a leader. I lead organizations and establish visions. At the same time, I’m conforming to ServiceNow’s culture. I think that’s why I am the perfect person.”McDermott added that continuity is important and he sees himself as similar to John Donahoe, ServiceNow’s current CEO, who is stepping down in January to run Nike Inc. McDermott also said he wants all of ServiceNow’s current executives to remain in place when he takes the top job.McDermott said he has interviewed a pool of candidates in the search for ServiceNow’s next chief financial officer and was looking for a candidate who could fit the company’s culture and boost its operating margins and profit. “I think we have found such a person,” he said. The software maker may announce a pick before Thanksgiving in late November, he said.The Santa Clara, California-based company projected subscription revenue that topped Wall Street estimates Wednesday. Sales from subscriptions will be $897 million to $902 million in the current period, ServiceNow said in a statement. Analysts on average expected subscription revenue of $897.7 million, according to data compiled by Bloomberg. That would represent 35% growth compared with a year earlier.The company also reported adjusted profit of 99 cents per share in the period that ended Sept. 30, above analyst estimates of 89 cents.The stock climbed about 4% in extended trading after closing at $220.01 in New York Wednesday. The shares have gained 24% this year.McDermott said that he would stick to ServiceNow’s goal of reaching $10 billion in annual revenue by an unspecified time.“Very simply, I completely buy in, stand behind it, and I’m looking forward to achieving it,” McDermott said on a conference call with analysts.While McDermott is known for his penchant for large acquisitions, such as SAP’s almost $8 billion purchase of Qualtrics International Inc., he said in an interview ServiceNow still had a lot of room for organic growth, which is his preference.“There is no need at this time for large scale M&A maneuvers,” he said.(Updates with comments from earnings call in the 11th paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    ServiceNow Appoints Bill McDermott CEO, Succeeding John Donahoe

    (Bloomberg) -- ServiceNow Inc., a cloud-based corporate software provider, appointed former SAP SE Chief Executive Officer Bill McDermott as its new CEO, succeeding John Donahoe, who is departing to run Nike Inc.McDermott, 58, surprised the software industry earlier this month when he stepped down from Walldorf, Germany-based SAP. He joined Europe’s largest software maker in 2002 and was the first American to hold the CEO position at the company. As CEO for a decade, McDermott embraced cloud computing, changing the way SAP sold software so customers could use it over the internet.In ServiceNow, McDermott will lead a much smaller company than SAP, but one that is growing rapidly. The Santa Clara, California-based company makes software that businesses use to automate workflows such as creating a help desk for employees, managing internal projects, bringing on board new workers and providing customer service. The company’s large deals with big corporate clients have fueled sales, which grew 36% in fiscal 2018 to $2.61 billion.“Investors wonder if ServiceNow is such a great opportunity why would John Donahoe leave, even if it is to take over one of the most iconic consumer brands in Nike,” Sterling Auty, an analyst at JPMorgan Chase & Co., wrote Tuesday in a note. “Also, our conversations with investors makes us believe that Bill McDermott will receive a lukewarm reception as the incoming CEO.”Separately, ServiceNow reported preliminary earnings results, which had been scheduled to be released Wednesday. Subscription revenue grew 35% in the third quarter to $835 million, the company said in a statement. For the full fiscal year, the company expects subscription revenue of $3.24 billion to $3.25 billion. ServiceNow expects subscription billings to grow 32% to 33% this fiscal year compared with a year earlier.ServiceNow’s stock fell more than 9% in extended trading on the news. The shares had climbed 28% this year to $228.34 at the close in New York Tuesday.Donahoe, 59, who joined ServiceNow in April 2017, will remain CEO through the end of the year before starting his Nike tenure in January, the company said. The former EBay Inc. chief executive officer will maintain his seat on ServiceNow’s board through his term, which ends in June.(Updates with analyst comment in fourth paragraph.)To contact the reporters on this story: Tom Giles in San Francisco at tgiles5@bloomberg.net;Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Microsoft Deepens Ties with SAP: Is Amazon Listening?
    Market Realist

    Microsoft Deepens Ties with SAP: Is Amazon Listening?

    On October 20, SAP (SAP) and Microsoft (MSFT) revealed their three-year cloud partnership. This partnership would be called Embrace.

  • Reuters - UK Focus

    CORRECTED-UPDATE 2-European shares rise amid Brexit tussle as focus shifts to earnings

    European shares broke a three-day run of losses on Monday, as investors stuck to hopes that Britain will avoid a disorderly exit from the European Union, while positive corporate updates and comments on U.S.-China trade talks added to the upbeat mood. The pan-European STOXX 600 index ended the session 0.6% higher, barely budging on news House of Commons speaker John Bercow refused to allow a vote on Prime Minister Boris Johnson's Brexit divorce deal, saying the same issue had been discussed on Saturday.

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