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SAP SE (SAPG.DE)

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Latest Key Developments (Source: Significant Developments)

Reliance Corporate IT Park signs MoU with SAP SE to launch solution in GST regime
Wednesday, 3 May 2017 06:42am EDT 

May 3 (Reuters) - Reliance Corporate IT Park Ltd: :MoU with SAP SE to launch 'Saral GST' solution for taxpayers in GST regime.  Full Article

SAP CFO says 2017 will see trough in company oper margins
Tuesday, 25 Apr 2017 09:00am EDT 

April 25 (Reuters) - SAP :CFO says 2017 will see trough in company operating margins.CFO says sees exponential cloud margin improvement in 2018.  Full Article

SAP CFO says may have a clearer picture in Feb 2017 of what to do with excess cash
Friday, 18 Nov 2016 04:30am EST 

SAP Chief Financial Officer Luka Mucic told the Morgan Stanley Technology, Media & Telecom Conference in Barcelona: May have a clearer picture in feb 2017 of what to do with excess cash Further company coverage: [SAPG.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

SAP SE says integrations between Microsoft Office 365, SAP cloud solutions
Tuesday, 17 May 2016 08:56am EDT 

SAP SE:Co, Microsoft to deliver "broad support for SAP HANA platform" on Microsoft Azure, integrations between Microsoft Office 365, SAP cloud solutions.  Full Article

SAP SE reiterates FY 2016 earnings guidance
Wednesday, 20 Apr 2016 01:03am EDT 

SAP SE:Reiterates that it expects full-year 2016 non-IFRS operating profit to be in a range of 6.4 billion euros - 6.7 billion euros at constant currencies.  Full Article

SAP to propose dividend of 1.15 euro per share - Reuters
Tuesday, 29 Mar 2016 07:46am EDT 

SAP SE:Recommends a dividend of 1.15 euro per share - year-over-year increase of 5 pct - Reuters.Aims to continue its policy to pay a dividend totaling more than 35 pct of profit after tax in the future‍​.  Full Article

SAP SE settles SEC charges in Panamanian bribery case
Monday, 1 Feb 2016 02:35pm EST 

SAP SE:SEC says SAP to give up $3.7 million in sales profits to settle charges it violated foreign corrupt practices act.SEC says settlement relates to charges concerning procurement of business in Panama.SEC says SAP did not admit or deny wrongdoing.SEC says sap's deficient controls allowed a former executive to pay bribes to a senior panamanian government official.SEC says settlement reflects sap's cooperation and remedial measures.  Full Article

SAP gives FY 2016 earnings forecast in line with analysts' estimates
Monday, 11 Jan 2016 06:11pm EST 

SAP SE:Expects FY 2016 non-IFRS operating profit to be in a range of 6.4 billion - 6.7 billion euros at constant currencies (FY 2015: 6.35 billion euros).FY 2016 operating profit estimate 6.56 billion euros - Thomson Reuters I/B/E/S.  Full Article

SAP SE - U.S. ties ex-Panamanian president to SAP software bribery scheme - Reuters
Wednesday, 30 Dec 2015 01:00am EST 

SAP SE:A U.S. federal judge identified the former president of Panama, Ricardo Martinelli, as one of several alleged co-conspirators in a bribery scheme that helped SAP to sell millions of dollars in software to Panama, according to a document reviewed by Reuters - RTRS.The reference to Martinelli as a co-conspirator, which has not been previously reported, comes as the former president faces unrelated allegations of corruption and misconduct in Panama – accusations he has said are politically motivated - RTRS.Martinelli’s name came to light in the U.S. bribery case against Vicente Garcia, a former executive at SAP, the German software company - RTRS.Garcia, 65, was sentenced to 22 months in prison on Dec. 16 by a U.S. court in the Northern District of California, after pleading guilty to conspiring to bribe Panamanian officials to secure contracts for SAP software - RTRS.In Judge Charles R. Breyer’s order on sentencing, he instructed Garcia to avoid contact with “any co-conspirator in this case,” naming Martinelli and six others, as a condition of his future supervised release. - RTRS.An SAP spokesman said the company fired Garcia in April 2014 and is cooperating in the ongoing investigation. - RTRS.The spokesman pointed out that the U.S. Securities and Exchange Commission, which conducted a parallel investigation, has said Garcia "circumvented SAP's internal controls” to fund the bribe payments - RTRS.  Full Article

Koninklijke Philips and SAP team up to create single integrated city dashboard
Wednesday, 9 Dec 2015 05:35am EST 

Koninklijke Philips NV:Philips and SAP SE announce collaboration.Aim is to link real-time information from connected street lights with data from other sensors in a single integrated city dashboard.  Full Article

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SAP chairman defends executive pay system

MANNHEIM, Germany SAP said on Wednesday its executive pay system was reasonable, defending management bonuses against the criticism of some shareholders.