Shares of SAP jumped as much as 8% on Wednesday as the German software giant laid out a plan to cut jobs alongside a boost to its profit outlook.

SAP SE Chief Executive Officer Christian Klein says the firm is investing over €1 billion in AI over the next two years. He made the comments during an interview on Bloomberg Television after the G...

Shares of German software company SAP jumped Wednesday after it announced plans to restructure the jobs of 8,000 staff in a push toward artificial intelligence.

SAP said plans to cut 8,000 positions as part of a major restructuring at the software giant. SAP stock rallied late Tuesday.

The German business-software company said it will focus on business-related artificial intelligence.

SAP said in a statement on Tuesday that it aims to carry out voluntary buyouts or job changes for 8,000 employees as part of a 2024 restructuring program. But it said headcount should remain the sa...

SAP SE said on Tuesday it is planning a restructuring programme covering about 8,000 employees and also updated its 2025 outlook.

Shares in SAP SE were up in early trade after the German software giant reportedly agreed to a settlement exceeding $220 million to resolve bribery allegations involving government officials worldw...

German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials, the Justice Department said Wednesday.

SAP SE has agreed to pay about $222 million to resolve investigations into bribery schemes in seven countries, US justice authorities announced on Wednesday.  The settlement, which includes a $118....

SAP , the German software company, will pay more than $220 million to resolve U.S. bribery investigations, the Department of Justice said on Wednesday.

SAP's performance is gaining from strength in cloud business as well as opportunities presented by the proliferation of generative AI.

People who fly a lot know that delayed flights are a magnet for further delays, so whenever possible they bail and find another way to get where they're going. This analogy fits for supply chain le...

Christian Klein, CEO of German software giant SAP, discusses the role of artificial intelligence in businesses.

SAP's performance is gaining from continued momentum in its cloud business. Also, opportunities presented by proliferation of generative AI bode well.