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Software group SAP adopts flexible working for 100,000 employees globally
The group said internal polling found that 94% of staff wanted to take advantage of greater working flexibility, while nearly half planned to work in the office for one or two days a week in the future
Reuters | June 2, 2021 | Updated 07:39 IST
Business software group SAP is adopting flexible working for its 100,000 employees around the world, after the experience of remote working during the COVID-19 pandemic drew overwhelmingly positive feedback. The group, headquartered in Germany, said internal polling found that 94% of staff wanted to take advantage of greater working flexibility, while nearly half planned to work in the office for one or two days a week in the future.
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Software group SAP adopts flexible working, by popular demand Business software group SAP is adopting flexible working for its 100,000 employees around the world, after the experience of remote working during the COVID-19 pandemic drew overwhelmingly positive feedback.
FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo
01 Jun 2021 08:20PM Share this content
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BERLIN: Business software group SAP is adopting flexible working for its 100,000 employees around the world, after the experience of remote working during the COVID-19 pandemic drew overwhelmingly positive feedback.
SAP posts strong earnings on fastest new cloud growth in five years
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SAP SE’s profits rose sharply in its first fiscal quarter, helped by strong growth in its cloud business, but revenues came in flat, in line with earlier guidance.
Even so, the German software giant said it’s bullish on full-year results as customer migrations to the cloud accelerate.
Total revenue rose 2% in constant-currency terms, to $7.56 billion. Cloud revenue rose 13%, to $2.57 billion. Combined cloud and software revenue edged up 6%, to $6.52 billion, and operating profit jumped 24%, to $2.1 billion. Net profit rose to $1.99 billion from $1.22 billion in the same quarter a year ago.
SAP beats sales and earnings estimates atop continued cloud growth
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SAP SE provided few surprises in its fiscal fourth-quarter earnings announcement early today, which it had previewed earlier this month, as the enterprise resource planning giant notched declines in both revenue and operating profit but beat analysts’ estimates on metrics.
The company gave an upbeat account of its aggressive campaign to move customers to the cloud, saying the short-term squeeze on revenues pressure will give way to better visibility and cross-sell opportunities. Executives in particular touted “RISE with SAP,” a combined software and service offering that it calls “business transformation-as-a-service,” which they said will drive more customers toward subscription services combining multiple SAP products.