sap se-sponsored adr (SAP) Key Developments
SAP SE Provides Earnings Guidance for the Year 2015 and 2020; Approves Amendment to its Articles of Incorporation
May 20 15
SAP SE provided earnings guidance for the year 2015 and 2020. For the year 2015, the goal is between EUR 5.6 billion to EUR 5.9 billion of net income.
New SAP 2020 is to generate sales revenues between EUR 26 billion and EUR 28 billion and a net profit of EUR 9 billion. The announcement of a margin is 35% for 2020.
The company also approved the cancellation of the Authorized Capital II and the creation of a new Authorized Capital II and the corresponding amendment of Section 4 of the Articles of Incorporation. And also approved the change of the remuneration of the members of the Supervisory Board and the corresponding amendment of Section 16 of the Articles of Incorporation.
SAP Does Not Show Interest In salesforce
May 20 15
SAP SE (DB:SAP) is not interested in buying salesforce.com, inc. (NYSE:CRM), Bill McDermott, Chief Executive Officer of SAP, told Reuters. The statement comes only a few weeks after SAP said in an official announcement a purchase of Salesforce was not in its plans for the future. Dermott said he does not expect big sector players, including Microsoft and IBM, to approach Salesforce because of its current value. The CEO then went even further, saying he does not expect the US company to be bought by an industry representative.
Delaware State University and SAP SE Announce New Partnership
May 15 15
Delaware State University (DSU) announced that it is working together with SAP SE, to become a Center of Excellence in critical enterprise technological advancements, to be shared with students from DSU and other Historically Black Colleges and Universities (HBCUs) around the country. SAP enables more than 291,000 customers worldwide to work together more efficiently and use business insight more effectively. ASUG is the large independent SAP user group, made up of more than 100,000 individuals in more than 17 industries across the SAP ecosystem, with a mission of providing ASUG members with the resources, tools and connections they need to maximize the return on their SAP investment.
SAP SE Appoints Deb Deep Sengupta as Managing Director for SAP India Subcontinent
May 14 15
SAP SE appointed Deb Deep Sengupta as the new Managing Director for SAP India subcontinent. Sengupta will be based in New Delhi and will drive the company's growth strategy and operations in India, Bangladesh and Sri Lanka. He will report to Adaire Fox-Martin, president of SAP Asia-Pacific Japan. Prior to this, Sengupta was the chief operating officer for SAP India subcontinent looking after SAP's multi-functional sales and operations in India. For the last decade, Sengupta was an integral part of SAP's leadership team in India during which he doubled the size of its enterprise business in India.
Benefitfocus Enters Reseller Agreement with SAP
May 7 15
Benefitfocus announced that SAP will resell its Marketplace as the SAP U.S. Benefits Management application by Benefitfocus. Through this agreement, SAP will offer customers in the U.S. a human capital management solution that improves benefits administration efficiency and platform user experience throughout the employee lifecycle. SAP U.S. Benefits Management by Benefitfocus - scheduled to be available soon from SAP - is a cloud application that will complement SAP's core human resources and talent management solutions and help its customers with U.S. employee benefits enrollment and management.