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Jun. 22, 2015, 12:45 PM
- SAP (SAP +3.4%), Nokia (NOK +2.1%), and Alcatel-Lucent (ALU +2.5%) are turning in strong days after European markets posted big gains on hopes (fueled by concessions from Athens) a Greek deal will be inked.
- The Euro Stoxx 50 index rose 4.1%. Germany's DAX and France's CAC-40 both rose 3.8%. The Nasdaq and S&P are both up 0.6%, and the euro is up fractionally against the dollar at 1.1356/1.
Jun. 16, 2015, 5:22 PM
- Service pack 10 (SPS10) for SAP's popular Hana in-memory database brings with it support for data synchronization between an enterprise data center and remote locations such as retail stores, ships, and mines. SAP argues this feature, when used in tandem with the company's SQL Anywhere embedded database, makes Hana well-suited for collecting and processing data from IoT devices.
- Other new features: 1) Better integration with the Hadoop and Spark big data software platforms, which are used to analyze massive unstructured datasets (Hana works with structured data). 2) New high-availability and disaster-recovery features, and support for systems containing over 12TB of memory. 3) New data-processing features meant to aid the development of analytics apps running on top of Hana.
- Also: SAP has rolled out an update for its Predictive Analytics software that adds support for wider datasets and SAP's Business Warehouse data warehousing software, better Hana integration, and new algorithms.
- The German software giant has stopped providing revenue figures for Hana. In its Q1 report, SAP stated Hana customers had nearly doubled Y/Y to more than 6,400, and that it already has over 370 customers for S/4Hana (launched in February), a version of SAP's core Business Suite that runs only on Hana. Over 1,900 customers run Business Warehouse on top of Hana.
May 20, 2015, 4:13 AM
- SAP Chief Executive Bill McDermott once again ruled out that his company has any interest in buying rival Salesforce.com (NYSE:CRM) and went further today by saying that Salesforce is unlikely to be acquired by any rival in the industry.
- "I do not expect that (an acquisition) to be the case at all because of the valuation of the company," McDermott declared.
- Salesforce will report FQ1 results after the bell today.
- Previously: Salesforce slumps as dealReporter states M&A talks are slow (May. 19 2015)
May 3, 2015, 6:12 AM
- Shooting down a Bloomberg report from Friday, SAP said it hasn't ever considered acquiring online rival Salesforce.com (NYSE:CRM).
- "There is no truth whatsoever to the suggestion SAP is considering or ever did consider acquiring Salesforce.com," announced an SAP spokesperson in an e-mailed statement.
- Many rumors have been on the loose since reports first surfaced last Wednesday stating Salesforce had been approached by a potential acquirer.
- Previously: Bloomberg: Salesforce, SAP discussed alliance, acquisition last year (May. 01 2015)
May 1, 2015, 4:36 PM
- Salesforce (NYSE:CRM) CEO Marc Benioff and SAP CEO Bill McDermott "held discussions last year about possible strategic alliances between the two companies," Bloomberg reports.
- The news service adds the talks covered "a potential acquisition of Salesforce by SAP." But it also states SAP wasn't the company that recently approached Salesforce about a possible acquisition (reported on Wednesday). With SAP currently worth $93B and Salesforce $48B, a deal would be closer to a merger than an acquisition after factoring an M&A premium.
- SAP, like Oracle, is a major rival of Salesforce in the CRM software market. Gartner estimates Salesforce and SAP respectively had 16% and 13% of the 2013 CRM market, #1 and #2 overall. They were followed by Oracle (10%), Microsoft (7%), and IBM (4%). Salesforce's 30.3% 2013 CRM sales growth outpaced all major rivals.
- Bloomberg's latest report follows remarks from Oracle co-CEO Safra Catz suggesting Oracle wasn't the company that recently approached Salesforce, and a BuzzFeed report to the same effect. Microsoft's name has often popped up in speculation about the suitor; IBM and Google have been mentioned to a lesser extent.
Apr. 21, 2015, 4:33 AM
- With a weaker euro boosting revenue from markets including the U.S., SAP reported first-quarter sales that topped analysts' estimates, rising 22% to €4.5B.
- Revenue from software licenses and support rose 16% to €3.15B, while sales from cloud subscriptions and support more than doubled to €509M.
- "Our plan is to be a growth company," CEO Bill McDermott said on a conference call. "We have no interest in announcing that we didn’t grow and then detailing the costs we cut to hold expenses in line."
- Excluding the boost from currency swings, operating profit and profit margins declined during the quarter, mainly due to acquisitions including Concur Technologies and Fieldglass.
- SAP also reiterated its full-year forecasts of for non-IFRS operating profit of between €5.6B-€5.9B at constant currencies, and non-IFRS revenue for cloud subscriptions and support of €1.95B-€2.05B.
- SAP +1.4% premarket
Apr. 20, 2015, 5:30 PM
Mar. 19, 2015, 12:45 PM
- SAP (SAP -0.7%) has proposed a €1.10/share ($1.17/share) fiscal 2014 dividend, up 10% from fiscal 2013's €1.00/share and good for a 1.7% yield at current levels. The dividend will be paid on or after May 21, provided shareholders approve (as expected) at the May 20 annual meeting.
- The German software giant adds it now plans to pay out over 35% of its post-tax profits via dividends, up from a prior target of more than 30%. The 2014 dividend (involves payments of €1.3B) is good for a 40% payout ratio.
- SAP hiked its dividend by 18% on a euro basis last year. On a dollar basis, this year's payout is down Y/Y, thanks to the euro's plunge.
Mar. 6, 2015, 3:42 AM
- SAP is embarking on the second downsizing under CEO Bill McDermott, cutting about 2,200 jobs, about 3% of its workforce.
- The company is continuing to pivot toward cloud computing rather than traditional licensing, and that means a move toward less profitable software delivered more quickly with payments stretched over time.
- SAP is learning that the cloud environment is calling for engineers with different skills than those optimized for its old-line business.
- The stock is down 12.8% over the past 12 months.
Feb. 12, 2015, 2:22 PM
- A slew of enterprise IT names are outperforming after Cisco beat estimates and respectively reported 10%, 8%, and 7% Y/Y growth in enterprise, SMB, and public sector orders. The Nasdaq overall is up 1%.
- Cisco reported particularly strong figures for enterprise-focused business lines: Switching revenue rose 11%, wireless (Wi-Fi-dominated) 18%, collaboration 10%, and data center (UCS servers) 40%. Service provider demand (orders -1%) remained soft.
- Enterprise standouts include EMC (EMC +2.5%), VMware (VMW +2.3%), SAP (SAP +3.1%), Salesforce.com (CRM +3.8%), NetSuite (N +2.6%), Teradata (TDC +4.6%), Splunk (SPLK +2.5%), Varonis (VRNS +3.9%), Gigamon (GIMO +2.8%), and NetScout (NTCT +2.7%).
- EMC's gains comes in spite of rival NetApp's FQ3 miss and soft FQ4 guidance; share loss to EMC, which has been seeing healthy mid-range and scale-out NAS storage growth, could be partly to blame. VMware is adding to the Wednesday gains seen following a Bernstein upgrade.
- Earlier: Telecom/networking stocks rally thanks to Cisco
Feb. 3, 2015, 6:53 PM
- S/4HANA, a new version of SAP's mainstay Business Suite (contains the company's core ERP apps), runs only on top of the company's Hana in-memory database, and is declared by SAP to fully leverage Hana's in-memory and real-time transaction-processing abilities.
- SAP is also providing a simplified data model with its update, and a revamped UI. On-premise, cloud and hybrid deployments will be supported. SAP has already been offering a cloud-based version of the Business Suite that runs on top of Hana. However, S/4HANA will sport a code base created specifically for Hana.
- CEO Bill McDermott calls S/4HANA SAP's biggest product launch since 1992, when it unveiled its R/3 ERP suite. While the company's traditional software license sales have come under pressure thanks to the cloud transition, the hit to Business Suite has been buffered by the fact enterprises (for now, at least) are more nervous about migrating core ERP apps to the cloud than they are about migrating CRM or HR apps.
Jan. 20, 2015, 9:16 AM
Jan. 20, 2015, 6:06 AM
- SAP AG (NYSE:SAP): Q4 EPS of €1.09 misses by €0.24.
- Revenue of €5.46B (+6.8% Y/Y) beats by €10M.
Jan. 20, 2015, 2:50 AM
- SAP (NYSE:SAP) has lowered its profit outlook for 2017, saying its push into cloud-based software would eat into its profit margins.
- "I think we're doing the right transition, we're a growth company and this is what the investor wants," said SAP Chief Executive Bill McDermott.
- The company announced earlier that it expected to reach an operating margin of 35% on revenues of up to €22B in 2017 resulting in an operating profit of around €7.7B, but now expects operating profit of €6.3B-€7B on revenues of €21B-€22B.
Jan. 19, 2015, 5:30 PM
Jan. 12, 2015, 10:34 AM
- SAP reports non-IFRS preliminary Q4 revenue of €5.47B ($6.45B), +7% Y/Y (+4% at constant currency) and above a €5.37B consensus. Q3 growth was 5% in both euros and constant currency.
- Q4 growth was fueled by a 72% Y/Y increase in cloud subscription/support revenue (boosted by the Concur deal, which closed on Dec. 4) to €360M. Traditional software license revenue -2% to €1.87B; support revenue (driven by past software deals) +10% to €2.51B. Cloud billings +115% to €591M.
- Op. profit +1% (-2% at constant currency) to €2.13B, and op. margin -210 bps to 38.9%. For the whole of 2014, revenue rose 4% to €17.56B ($20.7B), and op. profit fell 3% to €4.33B.
- Full Q4 results, along with SAP's 2015 outlook, are due on Jan. 20.
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