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Main Article: SAP SE History
SAP was created in 1972 by five former IBM employees (Klaus Tschira, Dietmar Hopp and Hasso Plattner, Claus Wellenreuther, Hans-Werner Hector) from the company's German office in Weingame. The SAP name was based on the first letters of the full name: "Systeme, Anwendungen und Produkte in der Datenverarbeitung "/" Systems, Applications and Products in Data Processing." The first office of the company was located in Mannheim (Germany).
A timeline of events from SAP SE history from the date of creation to the present day is here.
By January 2020, SAP's business is divided into three main divisions:
Main Article: SAP SE Financials
SAP's total revenue for the year increased by 11% to €30.9 billion, while from cloud services it grew by 24% in constant currency. License sales sank 39%.
SAP's operating profit (non-IFRS, non- IFRS) for the entire 2022 decreased by 7% and amounted to €8.03 billion in constant currency, follows from the company's statement on quarterly and annual financial results made at the end of January 2023. The first in the list of reasons for the decrease in this indicator in the company led their exit from the markets of Russia and Belarus and reduced sales of licenses. Read more here.
The company has been operating in Russia since 1992.
The responsibility of the Moscow office of SAP CIS also includes:
Main article: Corruption in SAP
SAP has repeatedly participated in corruption schemes related to the delivery of its products to customers. Read more here.
Main Article: SAP Acquisitions
Main Article: SAP Partner Network
Main Article: Work and Human Resources in SAP
Main Article: SAP Consultants
SAP's key competitors in the global market are:
SAP competes most strongly with Oracle. A prime example is the current litigation between the companies, in which Oracle accuses SAP of espionage allegedly carried out by employees of TomorrowNow (an SAP subsidiary).
| Ticker company on the exchange: | NYSE:SAP |
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