SAP SE reports Q4 earnings; plans 8K job restructuring in AI bet

Jan 24, 2024 · Cloud revenue of more than €21.5 billion. Total revenue of more than €37.5 billion. A share of more predictable revenue of approximately 86%. SAP SE press release (SAP): Q4 …

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SAP SE Reports Q4 Earnings; Plans 8K Job Restructuring In AI Bet

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Jan 24, 2024 · Cloud revenue of more than €21.5 billion. Total revenue of more than €37.5 billion. A share of more predictable revenue of approximately 86%. SAP SE press release (SAP): Q4 …

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8,000 Roles Affected In €2B SAP Restructure Program

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Lindsay Clark. Wed 24 Jan 2024 // 13:37 UTC. German software giant SAP has announced a restructuring program likely to hit 8,000 jobs worldwide. The plans were confirmed along with …

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SAP Shares Soar As Company Restructures And Doubles Down On AI

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Jan 24, 2024 · SAP SE’s restructuring plan that ... “We’re going to invest over over €100 million in education to help people find jobs in the growth areas. ” SAP said it expects full-year 2024 …

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SAP Stock Surges Amid Plan To Cut 8,000 Jobs, Boost To

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Jan 24, 2024 · SAP said its fourth-quarter earnings from continuing operations jumped 94% to EUR1.17 billion, while revenue rose 5% to EUR8.47 billion. Analysts polled by Visible Alpha …

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SAP Hits Record High On AI-focused Job Restructuring Plan; Jefferies ...

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Shares of SAP SE (ETR: SAPG) (SAP) jumped more than 6% in premarket trading Wednesday after the company reported Q4 financial results and announced a plan to restructure 8,000 …

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FAQs about SAP SE reports Q4 earnings; plans 8K job restructuring in AI bet Coupon?

How did SAP perform in Q4?

The company posted Q4 revenue growth of 5.1% Y/Y to €8.47B, and provided strong outlook for the year. SAP (SAP) stock rose to a record high before the bell on Wednesday after the German software provider announced a company-wide restructuring program to help double down its focus on AI. ...

Will sap restructure 8,000 jobs to focus on AI?

SAP hits record high on AI-focused job restructuring plan; Jefferies sees upside Shares of SAP SE (SAP) jumped more than 6% in premarket trading Wednesday after the company reported Q4 financial results and announced a plan to restructure 8,000 jobs to focus on AI efforts. The company’s Frankfurt-listed shares soared 6.28% to an all-time high. ...

How many jobs will sap restructure in 2023?

German software giant SAP has announced a restructuring program likely to hit 8,000 jobs worldwide. The plans were confirmed along with financial results for Q4 and full-year 2023. Operating profit for 2023 was down five percent year-on-year to €5.78 billion and revenue grew six percent to €31.2 billion. ...

Why did SAP stock rise 6% before the bell?

SAP ( NYSE: SAP) stock rose nearly 6% to a record high before the bell on Wednesday after the German software provider announced a company-wide restructuring program to help double down its focus on artificial intelligence growth, which will impact 8K jobs. ...

Why did SAP restructure jobs?

REUTERS/Andrew Kelly Purchase Licensing Rights Jan 23 (Reuters) - Shares of SAP SE (SAPG.DE) jumped 7% to an all-time high after the German software firm forecast growth in cloud revenue and said it will restructure roles for 8,000 jobs to focus on growth in artificial intelligence (AI)-driven business areas. ...

How much will sap expect in 2025 adjusted operating profit?

SAP said it now expects 10 billion euros ($10.85 billion) in 2025 adjusted operating profit. That’s down 2 billion euros from its previous outlook because of share-based compensation, but up by 500 million euros due to planned efficiencies from the restructuring. ...