SAP reported a first quarter loss due to a restructuring charge but said its cloud revenue was up 24% with cloud ERP revenue growth of 32%. SAP said its cloud backlog was €14.2 billion, up 27% from a year ago.
Constellation Research held its February call with Business Transformation 150 and SAP's RISE program, process automation and AI were top-of-mind topics.
SAP shook up its Supervisory Board. SAP's Supervisory Board nominated Pekka Ala-Pietilä to the board as the successor to Chairman Prof. Dr. Hasso Plattner.SAP and Dr. h.c. Punit Renjen said they have "mutually agreed to part ways because of a difference in perspective on the role of SAP Supervisory Board."
At its Technology Days 2024, DSAG elaborated on customer concerns, which often revolve around SAP Business Technology Platform (BTP).
SAP plans to restructure and cut 8,000 positions as it focuses on artificial intelligence and uses the technology to become more efficient. SAP said it expects to add back new roles and exit 2024 with headcount at similar levels.
SAP said Muhammad Alam will join the company's Executive Board and succeed Thomas Saueressig for the company's product engineering. Saueressig will focus on accelerating SAP customers adoption of the cloud.
At SAP's TechEd 2023 conference, SAP outlined a series of tools that aim to enable developers to build applications and connect them to the SAP Business Technology Platform.
SAP S/4HANA cloud revenue was €914 million, up 67% from the same quarter a year ago, and approaching a €4 billion annual revenue run rate.
SAP launched Joule, a generative AI copilot that will be embedded throughout SAP's cloud applications to deliver insights based on the company's platform data and third-party sources.
SAP said it will acquire LeanIX GmbH, an enterprise architecture management software company. Here's what it means.
"On-premises customers cannot benefit from major innovations such as artificial intelligence (AI) and green ledger," said SAP user group DSAG.
SAP CEO Christian Klein made the case for Business AI as a transformation engine. But first, SAP needs more enterprises to move to SAP Cloud and S/4HANA.
