Key Developments: SAP AG (SAPG.DE)
7 Mar 2014
Latest Key Developments (Source: Significant Developments)
Sap AG:SAP America, Inc., a subsidiary of SAP AG is collaborating with Xamarin and Service2Media.to provide developers with mobile app development frameworks that can efficiently and cost-effectively enable development on the company's SAP Mobile Platform. Full Article
Sap AG:The U.S. Supreme Court on Tuesday declined to hear an appeal by SAP AG, meaning a jury verdict ordering the German business software maker to pay $345 million to peer Versata Software Inc for patent infringement remains intact-Reuters.The case is SAP v. Versata, U.S. Supreme Court, 13-716. Full Article
Sap AG:Expects fiscal 2014 non-IFRS cloud subscription and support revenue to be in a range of 950-1,000 mln euros at constant currencies.Expects fiscal 2014 non-IFRS software and software-related service revenue to increase by 6 pct - 8 pct at constant currencies.Expects fiscal 2014 non-IFRS operating profit to be in a range of 5.8-6.0 bln euros at constant currencies.FIscal 2014 operating profit of 5.5 bln euros - Thomson Reuters I/B/E/S Estimates. Full Article
Sap AG And China Telecom Expand Strategic Partnership To Provide SAP Cloud Portfolio To Customers And Partners In China
Sap AG and China Telecom announced a strategic partnership in cloud computing through which the SAP Cloud portfolio will be offered to small and large organizations in China by China Datacom Corporation Limited (CDC), a joint venture between SAP and China Communication Services (CCS), a subsidiary of China Telecom Group. CCS will be the first local customer to adopt the offerings. Full Article
Rolta India Ltd and Sap AG announced a strategic original equipment manufacturer (OEM) agreement where Rolta will integrate numerous industry solutions with platform technology from SAP. Rolta will provide customers across the world with business analytics and Big Data solutions designed to exploit the power of SAP technology by combining Rolta's product with the database and technology portfolio offered by SAP. The portfolio which includes the SAP HANA platform, SAP Saybase IQ software, SAP Predictive Analysis software and SAP Strategy Management application will be embedded in Rolta's solutions. Full Article
Sap AG reaffirmed fiscal 2013, guidance and expects non-IFRS software and software-related service revenue to increase by at least 10% at constant currencies (2012: EUR13.25 billion). Non-IFRS cloud subscription and support revenue of around EUR750 million at constant currencies (2012: EUR343 million). SAP HANA software revenue in a range of EUR650-EUR700 million (2012: EUR392 million). Non-IFRS operating profit to be in a range of EUR5.85–EUR5.95 billion at constant currencies (2012: EUR5.21 billion). Full Article
Reuters reported that Sap AG has named Luka Mucic as its new Chief Financial Officer to succeed Werner Brandt, who said earlier this year that he would step down. Werner is due to leave when his contract ends in June 2014. Full Article
Reuters reported that BlackBerry Ltd on the block as its smartphone business struggles, is in talks with Cisco Systems Inc, Google Inc and SAP AG about selling them all or parts of itself. The Company, based in Waterloo, Ontario, has asked for preliminary expressions of interest from potential strategic buyers, which also include Intel Corp, LG Electronics Inc and Samsung Electronics Co Ltd, by early next week. It is unclear which parties will bid, if any. But the potential technology buyers have been especially interested in BlackBerry's secure server network and patent portfolio, although doubts about the assets’ value remain an issue. Google, Intel, Cisco, LG and SAP declined to comment. Samsung was not immediately available for comment. Full Article
Dow Jones reported that Sap AG said that Jim Hagemann Snabe, its Co-CEO since 2010, would step down from that role next years. The move will leave the Company's other Co-CEO Bill McDermott as the sole Chief Executive Officer (CEO). The Company's CTO Vishal Sikka, who also sits on its board of directors, is based in Palo Alto, Calif., and is considered a candidate to join McDermott as the next co-CEO once Hagemann Snabe's departure is effective. Sikka took over responsibility for all software development work during another shakeup in May. Full Article
SA Esker's Cloud-Based Fax and Invoice Automation Services Integrated into Sap AG's Business by Design.
SA Esker announced that its cloud-based fax and invoice automation services have been integrated into Sap AG's Business by Design, a business management solution aimed at small and medium-sized businesses as well as subsidiaries of larger companies which use Sap AG products. The financial terms of the deal were not disclosed. Full Article
FRANKFURT - German business software maker SAP could start looking at large acquisition targets again, particularly among cloud computing firms, its finance chief was quoted as saying by weekly Euro am Sonntag.