#sap

#sap

In June, SAP made a $4.5 billion (€3.9 billion) bid for accounting platform BlackLine, but was rejected. The German software vendor may make a new bid. This is according to Reuters, based on sources. BlackLine provides cloud software that automates complex accounting processes for finance departments. The tools replace traditional spreadsheets and reduce errors. The company is of interest to SAP because of its existing collaboration. SAP sells BlackLine solutions to its customers, accounting for nearly 30 percent of BlackLine's annual revenue.

SAP disappointed investors today after reporting full-year cloud revenue at the bottom end of its guidance range, with execs saying customers in manufacturing and the public sector are taking longer to sign contracts. The European software giant now expects sales to be near the floor of its €21.6-21.9 billion ($25.2-25.5 billion) forecast. Shares were down 2 percent at the time of writing. SAP generated €9.1 billion in global revenue for its calendar Q3, up 7 percent year-on-year.

SAP is committed to the highest standards of ethics and compliance, including adherence to regulations regarding export control and sanctions laws across jurisdictions. Our policy is to carry out all company activities in accordance with the letter and spirit of applicable laws in more than 180 countries in which we operate. We deeply value our customers; and will continue to engage with our customers, government authorities, and regulators in a responsible and law-abiding manner.

Asam is one of many businesses executives who've been startlingly candid about their intentions to displace human labor with AI tools or agents. From their point of view, you can directly replace your overpaid, calling-in-sick grunts with ever-dependable AI agents. Or you can whittle your workforce down to a skeleton crew that are super efficient thanks to the magical abilities of AI.

Amazon Web Services and SAP are expanding their collaboration to give European organizations more control over their data and processes in the cloud. Both companies announced that SAP Sovereign Cloud solutions will be available in AWS's European Sovereign Cloud. This infrastructure is part of a planned €7.8 billion investment by Amazon. AWS and SAP have long worked together to offer cloud and business solutions. While SAP contributes its expertise in business applications, AWS provides the infrastructure and operational support.

The pressure is mounting on business leaders to harness AI to make work faster, cheaper, and more efficient. That may thrill investors, but for employees, it could mean fewer jobs around the world. At the $320 billion software giant SAP, there will likely be a need for fewer engineers to deliver the same-or even greater-output, according to the company's CFO Dominik Asam.

SAP has proposed concessions to the European Commission to address competition concerns. The German company hopes that these proposals will prevent a costly investigation. This is according to sources at Reuters. Without an agreement, the company risks a fine of up to 10 percent of its annual global turnover. For a company the size of SAP, that could amount to several billion euros.

European markets opened higher on Wednesday, supported by a rebound in SAP and growing investor optimism ahead of the Federal Reserve's policy decision later in the day. However, the market could remain at risk as investors could remain cautious. SAP led gains in the index, advancing nearly 4% in early trading after upbeat management commentary helped allay recent concerns over its cloud segment.

"She has an extraordinary track record of innovation and execution and has accumulated deep industry expertise while helping countless businesses around the world accelerate their digital transformation."

Christian Klein noted that in a few individual industries affected by uncertainty, extended approval workflows are evident, particularly in the US public sector and among manufacturers impacted by tariffs.

The DAX rose on Wednesday, led by a strong performance in the auto sector after a trade agreement between the United States and Japan lifted investor sentiment.

Wall Street is closely watching SAP to see if it continues to deliver on its promise of durable growth and operating leverage, with soaring expectations for earnings.

Modern finance is governed by complex systems that can be challenging to understand, and businesses often struggle to keep up with the scale of these operations.

The Bank of England anticipates a significant 45 percent increase in spending limits for support services as it enhances its cloud capabilities and data analytics strategies.

The SAP Labs Munich Campus represents a pioneering model for modern office architecture, fostering interdisciplinary collaboration between academia and industry at Science City Garching.

"Zuckerberg of Meta believes that AI could handle up to half of coding tasks by 2026, while Nadella suggests AI already drives 30-40% of Microsoft's codebase."

We've seen about 3,000 people leave. We've rehired some people, but currently, we are probably looking for a back-end loading to see how the situation on the trade dispute will evolve.

The Federal Circuit panel indicated that the district court imposed an unjustifiably high standard on SAP in regard to specifying trial witnesses, though SAP's neutrality claim was upheld.