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The Latest Breaking News from Christian Klein

SAP Battles Gender-Diversity, Harassment Claims

SAP SE ADS (NYSE: SAP) chief Christian Klein failed to impress critics with his response to the lack of gender diversity at a cloud computing event,

Morning Brief: Top Financial Stories Dominating on Wednesday, May 4

Morning Brief: Top Financial Stories Dominating on Wednesday, May 4

Reuters HSBC Kick Starts Its $1B Planned Share Buyback

SAP Plans To Divest Profitable Corporate Learning Software Business: Reuters

SAP Plans To Divest Profitable Corporate Learning Software Business: Reuters

German software firm SAP SE ADS (NYSE:SAP) is working with investment bank Moelis & Company (NYSE:MC) to divest its corporate learning software business Litmos, Reuters reports. CEO Christian Klein looks to move towards subscription-driven services and increase cloud-based revenue. The report noted the sale of the profitable California-based Litmos could fetch a valuation of more…

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SAP Clocks 11% Revenue In Q1 Growth Backed By Cloud, SAP S/4HANA

SAP SE (NYSE:SAP) reported first-quarter FY22 Non-IFRS revenue growth of 7% year-on-year to €6.81 billion at constant currencies. Total revenue of €7.08 billion improved 11% Y/Y. Cloud revenue increased 25% Y/Y to €2.69 billion at CC. S/4HANA cloud revenue grew 71% Y/Y to €404 million at CC. Software licenses and support revenue declined…

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