Sap

SAP cloud revenue misses estimates in ‘uncertain’ economy

SAP expects adjusted profit to be at the upper end of its forecast, which ranged from 10.3 billion euros to 10.6 billion euros

SAP sells software to companies to run business functions such as finances, human resources and procurement.

SAP reports cloud growth that falls short of expectations

The company’s largest market is the US, which represents more than 30% of its sales

With the changed stance for its US business, Novo joins peer European drugmakers who have acted to avoid potential penalties from recent US executive orders.

Novo Nordisk overtakes SAP as Europe’s most valuable company

Novo’s market capitalisation stood at US$365 billion

SAP is Europe’s largest software maker, providing systems used by companies for finance, sales, supply chain and other functions.

German software maker SAP beats operating profit estimates for first quarter

SAP continues to expect cloud revenues in a range of 21.6 billion euros to 21.9 billion euros for the year, the company says

Under the new programme, SAP Labs Singapore will hire and train nine researchers for its AI team by the end of 2030.

SAP Labs partners NUS to train AI researchers

The Industrial Postgraduate Programme, supported by the EDB, is expected to strengthen the pipeline of AI talent in Singapore

Around 10,000 jobs will be affected as part of a restructuring associated with the new strategy, which cost 2.8 billion euros in the first nine months.

SAP cloud sales jump as software giant lures clients with AI

SAP’s cloud revenue grew by 25 per cent in the third quarter as Europe’s biggest software company worked to transition customers away from locally run systems with the promise of artificial intelligen...

SAP has been seeking to migrate customers from its legacy on-premise software to the cloud, where it is offering business AI services to sweeten the deal.

SAP cloud revenue meets estimate as AI adoption fuels demand

SAP reported first-quarter cloud revenue in line with analysts, as a boom in demand for artificial intelligence (AI) fuelled the German software company’s growth.

SAP has been focusing for the past few years on transitioning its enterprise business to cloud subscriptions from a traditional licensing model.

SAP unveils restructuring plan affecting 8,000 jobs

SAP unveiled a plan to restructure operations this year to trim costs and focus more on artificial intelligence (AI), affecting about 8,000 employees.

SAP admitted to giving bribes to government officials in Indonesia, South Africa, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.

SAP to pay more than US$220 million to resolve bribery charges

GERMAN software giant SAP has agreed to pay more than US$220 million to resolve allegations it paid bribes to government officials in Indonesia, South Africa and five other countries, US authorities s...

The private sector has a role to play to realise the potential of AI for public good, says Minister Josephine Teo.

About S$500 million invested in AI innovation in last 5 years: Josephine Teo

THE Singapore government has invested about S$500 million in artificial intelligence (AI) research and development in the last five years.