SAP shares rose over 9% on Friday as stronger-than-expected third quarter results showed revenue up 13% and cloud revenue in particular jumping 37% – a positive announcement followed the next day with CEO Bill McDermott, 58,  announcing he was not going to renew his contract with co-CEO’s Jennifer Morgan and Christian Klein taking over straight away.




  • SAP S/4HANA now over 12,000 customers
  • Operating profit up 36%
  • “Ambition 2020” predicts more (70-75%) predictable revenue i.e. cloud plus software support
  • 2020 revenue projected at ~€29bn 
  • McDermott remaining in an advisory capacity until the end of the year to ensure a smooth transition
  • Plan seems to have been shaped with Hasso Plattner over a year ago and been smoothly managed
  • McDermott served as CEO for a decade seeing dramatic growth for SAP, particularly expanding its portfolio and initiating a major shift to cloud
  • Morgan and Klein are both already Executive Board members
  • Morgan, who joined SAP in 2004, was president of the Cloud Business Group, overseeing Qualtrics, SAP SuccessFactors, SAP Ariba, SAP Fieldglass, SAP Customer Experience and SAP Concur
  • Klein, who started his career at SAP two decades ago as a student, most recently served as the company’s chief operating officer, also overseeing product development for the flagship ERP solution SAP S/4HANA®. Previously, he worked as SAP SuccessFactors chief financial officer and as SAP chief controlling officer

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SAP Business Application Studio

Efficiently develop, test, build, and run your solution locally or in the cloud. Experience the evolution of SAP Web IDE with SAP Business Application Studio. Now available on SAP Store! https://t.co/xQ4eW8nYuE pic.twitter.com/AaEFIXbRNV — SAP Digital (@SAPDigital) July 27, 2020

SAP Announces Intent to Take Qualtrics Public

Originally posted on; https://news.sap.com/2020/07/sap-announces-intent-qualtrics-ipo/ WALLDORF — SAP SE (NYSE: SAP) today announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast-growing and rapidly evolving market. … Continue reading