SAP SE (abbreviation of “Systems, Applications & Products in Data Processing”) is a European multinational software corporation that makes enterprise software to manage business operations and customer relations. The company is especially known for its ERP software. SAP is headquartered in Walldorf, Baden-Württemberg, Germany with regional offices in 180 countries. The company has over 425,000 customers in over 180 countries and is a component of the Euro Stoxx 50 stock market index.
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SAP Details
Operating Status:Active
Business TypePublic
HeadquartersBaden-Württemberg, Germany
Founded Date 1972
Organization CEO Jennifer Morgan, Christian Klein
FoundersDietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus Tschira, Claus Wellenreuther
SAP-owned experienced management software Qualtrics to go for an IPO this year. The company will be still operated by its co-founder Ryan Smith and the firm’s current management team.
Adidas buyback program complements the company’s policy to pay annual dividends to shareholders in the range of 30-50% of the net income from continuing operations.
While some people may still feel uncomfortable about AI, wider adoption of AI-based solutions are inevitable in the banking industry.
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