Por: WPLG Local 10 Tech January 11, 2024
German software giant SAP will to resolve U.S. bribery allegations involving payments to foreign government officials, the Justice Department said Wednesday.According to court documents cited by the Justice Department, SAP and unnamed co-conspirators provided bribes and other valuable enticements to South African and Indonesian foreign officials. The company delivered gifts to officials in the form of cash payments, political contributions,... + full article
MarketWatch USA Business July 20, 2023
Despite Klein’s characterization, the results didn’t meet consensus estimates. For the second quarter ended in June, (ticker: SAP) posted revenue of €7.5 billion, or $8.35 billion, up 5%, or 8% adjusted for currency, falling short of the Wall Street consensus forecast as... + más
SAP reducing headcount by up to 3,000 | Fox Business
SAP to cut 3,000 roles, explore sale of Qualtrics stake | CNBC
MarketWatch USA Business April 21, 2023
Cloud revenue at constant currencies should come in between EUR14 billion and EUR14.4 billion, below a previous forecast of EUR15.3 billion to EUR15.7 billion. SAP said its new guidance only covers continuing operations as U.S. private equity firm Silver Lake and Canada Pension... + más
Fox Business USA Business January 27, 2023
Former Council of Economic Advisers Chairman Kevin Hassett reacts to some Big Tech giants slashing jobs, telling 'Cavuto: Coast to Coast' that data indicates the economy is heading toward a recession. SAP will slash its headcount by roughly 2.5%, the Germany-based... + más
Qualtrics Stock Soars as SAP Seeks to Exit Majority Stake | MarketWatch
MarketWatch USA Business January 26, 2023
Along with reporting earnings, SAP said Tuesday it has retained Morgan Stanley as a financial advisor on the potential sale of the position. SAP acquired Qualtrics for $8 billion in cash in 2019; the current market cap is $6.6 billion. Qualtrics shares surged 29% on Thursday to... + más
“While we know these changes are necessary, it is never easy to make decisions that affect our colleagues in this way,” Chief Executive Christian Klein said on the company’s earnings call, according to a transcript provided by Sentieo. On the company’s investor site,... + más
CNBC USA Tech January 26, 2023
In this articlewatch nowVIDEO3:1003:10The business environment is not getting easier in the short-term, says SAP CFOGerman enterprise software firm said Thursday that it will be cutting up to 3,000 jobs, or about 2.5% of its workforce, becoming the latest tech giant to announce... + más
Forbes USA Tech November 16, 2022
Construction worker wearing harness on scaffolding at construction site, City of London, UK. (Photo ... [+] by Damian Gillie/Construction Photography/Avalon/Getty Images)Getty Images Software is scarce. To be clearer, there is a relative global scarcity of software application... + más
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