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SAP AG (SAP)

- NYSE
  • Aug. 2, 2013, 11:04 AM
    • Sources tell BloombergBusinessweek SAP has considered buying Jive (JIVE +2.6%) in recent months, along with other companies.
    • There doesn't appear to be any new information about SAP/Jive in this column, relative to a May report stating SAP considered acquiring the enterprise social networking software firm, but decided not to due to product overlap concerns.
    • BloombergBusinessweek also observes SAP is rapidly expanding its Silicon Valley presence. The German software giant has spent $7.6B to acquire Valley software firms SuccessFactors and Ariba, and its Palo Alto-based VC arm has invested $700M+ in startups, including enterprise cloud storage high-flyer Box.
    | Aug. 2, 2013, 11:04 AM | Comment!
  • Jul. 22, 2013, 3:37 AM
    SAP (SAP) co-CEO Jim Hagemann Snabe plans to step down in May next year, leaving American Bill McDermott in sole charge of the German software giant. Snabe, who became co-CEO in February 2010 along with McDermott, will join SAP's supervisory board. Industry watcher Ray Wang wouldn't be surprised if SAP appoints another co-CEO to replace Snabe, possibly Vishal Sikka, the board member responsible for technology and innovation. Sikka would act as "a good counterweight to Bill McDermott's sales and business acumen," said Wang. (PR)
    | Jul. 22, 2013, 3:37 AM | Comment!
  • Jul. 19, 2013, 9:54 AM
    A roundup of tech analyst ratings changes: 1) Microsoft (MSFT -9.2%) has been downgraded to Market Perform by Raymond James and Cowen following its FQ4 miss. 2) AMD (AMD -14.5%) has been downgraded to Underweight by Morgan Stanley, and to Underperform by Credit Suisse, following its Q2 beat. 3) Skyworks (SWKS +10.1%) has been upgraded to Buy by Needham following its FQ3 beat.  4) BlackBerry (BBRY +0.5%) has been upgraded to Market Perform by BMO. 5) IGT (IGT -4.2%) has been downgraded to Underperform by Credit Suisse. 6) SAP (SAP -1.3%) has been downgraded to Neutral by JPMorgan a day after posting a Q2 miss. 7) Ultratech (UTEK -4%) has been downgraded to Hold by Noble Financial.
    | Jul. 19, 2013, 9:54 AM | Comment!
  • Jul. 18, 2013, 5:13 AM
    Following earnings earlier, SAP (SAP) is -2.6% premarket and Taiwan Semiconductor (TSM) -3.6%, while Ericsson (ERIC) is -4% in Stockholm. (Earnings summaries: SAP, TSM, Ericsson)
    | Jul. 18, 2013, 5:13 AM | Comment!
  • Jul. 18, 2013, 3:00 AM
    SAP (SAP): Q2 net profit +10% on year to €724M, revenue +4% to €4.06B, adjusted operating profit +3.9% to €1.22B vs forecasts of €1.24B. Software and related services revenues +10% to €3.35B vs consensus of €3.41B. Sales of software licenses -3% to €982M vs €1.02B for the first decline in over three years, with Asia -9%. Cuts FY growth outlook for revenues from software and related services to +10% from prior forecast of 11-13%, but maintains operating profit guidance of €5.85-5.95B, up 12-14% from 2012. "The slowdown in China impacts many countries in Asia and you see that in our numbers this quarter," say Co-CEO Jim Hagemann Snabe. (PR)
    | Jul. 18, 2013, 3:00 AM | Comment!
  • Jul. 18, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AN, APH, BAX, BBT, BLK, BPOP, BX, CHKP, CY , CYS, DGX, DHR, DOV, ERIC, FCS,FITB, GPC, HBAN, HLSS, JCI, KEY, MS, NOK , NUE, OMC, ORB, PM, PPG, SAP, SHW, SNA, SON, SVU, SWY, TSM, TZOO, UNH , UNP, VZ
    | Jul. 18, 2013, 12:05 AM | Comment!
  • Jul. 17, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AN,APH, BAX, BBT, BLK, BPOP, BX, CHKP, CY , CYS, DGX, DHR, DOV, ERIC, FCS,FITB, GPC, HBAN, HLSS, JCI, KEY, MS, NOK , NUE, OMC, ORB, PM, PPG, SAP,SHW, SNA, SON, SVU, SWY, TSM, TZOO, UNH , UNP, VZ
    | Jul. 17, 2013, 5:30 PM | Comment!
  • Jul. 5, 2013, 9:28 AM
    SAP -1% in spite of higher equity futures, thanks to a downgrade to Hold from Deutsche. Following a strong 2012 (aided by optimism about Hana), shares have underperformed this year amidst worries about slowing software license growth due to macro issues and cloud competition. Oracle and Accenture's recent numbers haven't helped matters.
    | Jul. 5, 2013, 9:28 AM | Comment!
  • Jun. 28, 2013, 2:24 PM
    In addition to IBM, several other enterprise IT names are pressured by Accenture's (ACN -10.3%) May quarter revenue miss (caused by consulting weakness), light guidance, and commentary about soft European demand. SAP (SAP -3.6%), Autodesk (ADSK -2.3%), Qlik (QLIK -2.1%), and Informatica (INFA -1.8%), all of whom have strong European exposure, are among the casualties. Other decliners include VMware (VMW -1.5%), Salesforce (CRM -1.9%), Teradata (TDC -1.8%), and CommVault (CVLT -3.9%). In his downgrade note on Accenture, Raymond James' Brian Gesuale mentioned "ERP [software consulting] work is showing signs of commoditization and short-term projects remain on the shelf." That might not be going over well with SAP investors.
    | Jun. 28, 2013, 2:24 PM | 2 Comments
  • Jun. 26, 2013, 11:26 AM
    Workday (WDAY +3.9%) rallies after William Blair starts coverage with an Outperform. The launch comes a day after partner Salesforce announced a partnership with rival Oracle, and Pac Crest struck an upbeat tone about Workday's new cloud recruiting product. The firm says checks indicate recruiting rivals Taleo and SuccessFactors are "far less competitive" following their respective acquisitions by Oracle (ORCL) and SAP, thanks in part major personnel defections (this is an issue bigger software firms often face when acquiring startups), and that Workday's "unique use of object-oriented technology and its proprietary in-memory data model" aid its efforts to enter the HR/finance analytics space.
    | Jun. 26, 2013, 11:26 AM | Comment!
  • Jun. 21, 2013, 11:40 AM
    As was the case in March, cloud competition is in focus as Oracle (ORCL -8.6%) dives following a revenue/EPS miss marked by soft new license/cloud subscription growth. "Seasonally, the fourth quarter is their biggest ... software quarter and we have a miss here on software," observes Edward Jones' Josh Olson. Goldman's Heather Bellini is defending Oracle, arguing the shortfall is "likely more macro driven than company-specific." Rivals SAP (SAP -3.3%), VMware (VMW -3.2%), and Citrix (CTXS -2.1%) are underperforming. Larry Ellison mentioned on the earnings call Oracle plans to launch an in-memory version of its 12c database to take on SAP's Hana; Oracle has thus far taken a hardware-centric approach to competing with Hana.
    | Jun. 21, 2013, 11:40 AM | Comment!
  • Jun. 20, 2013, 5:37 PM
    Oracle (ORCL) guides on its FQ4 call for FQ1 revenue growth of 2%-5% and constant currency EPS of $0.56-$0.59; that compares with a consensus of 4.5% rev. growth and non-constant-currency EPS of $0.58. Software license/cloud subscription rev. growth is forecast at -1% to +7%, and hardware product growth at -6% to +2%; the latter is much better than FQ4's -13%, but aided by easier comps. Engineered systems now make up over 1/3 of hardware sales. Mark Hurd names dozens of major cloud customer wins, and claims Oracle's cloud HR business is bigger than Workday's (WDAY). But what does that say about traditional software sales, in light of the total license numbers? ORCL -8% AH. SAP -1%.
    | Jun. 20, 2013, 5:37 PM | Comment!
  • Jun. 6, 2013, 6:40 PM
    "If SAP's Hana is a success, we estimate its [database] market share rising to between 15-20% from its current low single digits. This inevitably will [impact] Oracle’s market share, but more importantly we believe it could affect the margin structure of the industry," says Berenberg's Daud Khan, explaining his 2-notch downgrade of Oracle (ORCL -2.3%) to Sell. Khan notes some Hana users are still paying maintenance fees to Oracle due to contracts, which won't last forever. The downgrade comes shortly after SAP stated it now has 1,500+ Hana customers, up from 1,300+ at the end of Q1. SAP is targeting €650M-€700M in 2013 Hana revenue - that's up from 2012's €392M, but well below Oracle's database revenue.
    | Jun. 6, 2013, 6:40 PM | 5 Comments
  • Jun. 5, 2013, 6:14 PM
    "Educated guesses" put the price tag for SAP's purchase of hybris around $1.2B-$1.5B, says AllThingsD's Arik Hesseldahl. BMO believes the deal makes SAP a top-3 e-commerce software vendor, along with Oracle and IBM, and others see similarities between SAP's plans to create an end-to-end CRM software platform for analyzing retailer data and engaging with customers across channels, and Salesforce's (CRM) attempts to create an end-to-end cloud marketing platform with the help of ExactTarget. Discussing the deal, co-CEO Bill McDermott stated SAP wants to provide "everything a CEO needs to run a corporation in full intimacy with their consumer" in real-time.
    | Jun. 5, 2013, 6:14 PM | Comment!
  • Jun. 5, 2013, 10:05 AM
    SAP expands its cloud software arsenal by acquiring hybris, a top provider of e-commerce infrastructure software, for an undisclosed sum. The deal comes 8 months after SAP bought top B2B marketplace provider Ariba. SAP argues hybris' software, which covers Web, mobile, and in-store channels, will improve "customer insight and engagement" when paired with its Hana in-memory database and Jam social networking software. The deal could spell tougher competition for hybris rivals Demandware (DWRE -0.5%) and NetSuite (N -0.4%). SAP could also end up competing with IBM, which has been making acquisitions to bolster its Smarter Commerce initiative.
    | Jun. 5, 2013, 10:05 AM | 1 Comment
  • Jun. 3, 2013, 1:39 PM
    Microsoft (MSFT +0.7%) kicks off its TechEd conference by showing off updates to Windows Server 2012 and its Systems Center 2012 management software, as well as the next version of its SQL Server database. The first two products will launch this year; the third might not arrive until 2014. As with its Azure cloud platform, Microsoft is touting the ability of its new offerings to support hybrid cloud deployments. SQL Server is also adding support for in-memory databases (previous) to take on SAP's Hana. Meanwhile, Azure has been updated to support per-minute billing (Amazon charges by the hour), and Microsoft boasts in a memo it's adding 1K+ Azure customers per day.
    | Jun. 3, 2013, 1:39 PM | Comment!
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Company Description
SAP SE sells licenses for software solutions and related support services. It also offers consulting, training and other services for its software solutions.
Sector: Technology
Country: Germany