SAP Joined Accenture to Increase S/4 HANA Adoption


Jan. 14 2016, Updated 10:43 a.m. ET

SAP teamed up with Accenture

So far in this series, we discussed various factors—including the US dollar appreciation (UUP) against the euro (EWG)—that helped SAP (SAP) post fiscal 4Q15 and 2015 results that beat analysts’ expectations. The company also reported that its latest ERP (Enterprise Resource Planning) platform, S/4 HANA, saw traction. This was visible in its increased customer count. 

[marketrealist-chart id=962562]

To promote the adoption of S/4 HANA, SAP teamed with Accenture (ACN) to increase the deployment of S/4 HANA for specific areas, like financial firms, on January 11, 2016. Commenting on the partnership, Paul Daugherty, Accenture’s CTO (Chief Technology Officer) stated that “Accenture developers and industry experts are now working side by side with SAP, providing us with unique input, insight and development opportunities with SAP S/4HANA.”

In the past, SAP adopted the partnership route with its peers like Microsoft (MSFT), Hewlett-Packard (HPQ), and VMware (VMW) to increase SAP HANA adoption.

Article continues below advertisement

Improved guidance in 2016

On an IFRS (International Financial Reporting Standards) basis, SAP’s operating profit fell by 3% on a YoY (year-over-year) basis. The company provided positive guidance for 2016. This caused the company’s share price to rise slightly, as the above share price chart shows. For 2016, SAP expects cloud and software revenue to grow 6%–8%. The operating profit is expected to be 6.4–6.7 billion euros compared to 6.35 billion euros in fiscal 2015.


More From Market Realist

  • Honeywell sign
    Earnings Report
    CNBC Pro Stocks to Buy Before Q1 Earnings
  • Men walking by Morgan Stanley headquarters
    Morgan Stanley’s (MS) Stock Forecast Before Q1 Earnings
  • Carnival cruise ship sailing
    Carnival's (CCL) Stock Forecast Before Q1 Business Update
  • GameStop store
    GME's Earnings Are Coming: Will It Be Mayday for Shorts or WallStreetBets?
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.