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A general view of the SAP Headquarters AG, the largest software company in Germany on January 8, 2013 on Walldorf, Germany.
Thomas Lohnes | Getty Images News | Getty images
The SAP software manufacturer became the most valuable company in Europe this week, riding a wave of artificial intelligence enthusiasm and German German profits.
The company had a market capitalization of around $ 342.4 billion for the closure of Monday, according to FACTSET data, with more than 1.16% shares in the day and more than 40% during the last year.
SAP, which offers corporate products through cloud solutions, expenses, supply and analysis chain management, it is widely seen that they offer greater income as it takes advantage of its large customer base and the wealth of commercial data to create opportunities from AI.
Bank of America analysts earlier this month reiterated SAP as their best selection of large capitalization software by 2025, spying “more upward of the street expectations in additional sales, including AI.” The analysts also said that the migration of the business cloud remained in the “initial stage” and would continue in recent years.
SAP Price of shares.
The company at the beginning of last year embarked on an important restructuring focus the business on artificial intelligence opportunities and inform Cloud income rises 25% Interranual in 2024.
The CEO Christian Klein previously said to CNBC that it was the “best year in the history of SAP” with the company’s cloud portfolio in 63.3 billion euros ($ 68.5 billion) in 2024.
“We are sitting in a very rich set of commercial data, human resources data, financial data, supply chain data, sales data” of 40,000 customers, Klein said in January, calling this the “richest commercial data set of all technological companies.”
Through the artificial intelligence tools, SAP is allowing different departments, such as sales, supply chains and acquisitions, accessing a high degree of automation, Klein continued, while in itself it remains “agnostic for any type of large language model”, the form of AI that uses huge data sets to perform various tasks.
Dominik Asam, the company’s financial director, told CNBC in January that the The tool to launched by the Chinese Startup Depseek What shook financial markets earlier this year was “good news” for SAP.
Meanwhile, the German markets are in a bull race this year, with the blue chip Dax index of almost 16% in the year to date, far exceeding European companions such as the Ftse 100about 6.6%, and France Cac 40up to 9.91%.
The feeling has been driven by a Large fiscal package Approved by German legislators this month that allow hundreds of billions of government expenses in infrastructure, climatic projects and defense.
SAP takes place as the most valuable company in Europe of Novo Nordiskthe Danish pharmaceutical giant known for Ozempic weight control medications And Wegovy. After a period of intense hype, Novo has fought in recent months with Intense Market Competition and Skepticism of investors on their future product line. The company’s market capitalization was around $ 332 billion on Monday, according to FACTSET data.
French luxury group LVMHwhich was destroyed from the first position in Europe by Novo Nordisk at the end of 2023, has also seen the actions this year in the nerves for the demand of the luxury sector.
– Karen Gilchrist of CNBC contributed to this story
