SAP SE

Customer adoption of the latest cloud version of SAP's business database is strong, Chief Financial Officer Luka Mucic said on Friday, saying this would accelerate as it markets a new business transformation offering to clients.

SAP hailed the U.S. stock market listing of its Qualtrics unit, urging investors to take it as a cue to reconsider whether its own share price fairly reflected the value of its cloud assets.

SAP hailed the U.S. stock market listing of its Qualtrics unit, saying that investors should take it as a cue to reconsider whether its own share price fairly reflected the value of its cloud assets.

Shares of Qualtrics International Inc jumped nearly 40% on Thursday in their Nasdaq debut, valuing the firm at nearly $21 billion, against the backdrop of a capital market frenzy that has seen investors flock to technology stocks.

SAP says it is ready to lead customers into a cloud-based future, but the business software group may need all its powers of persuasion to convince its 400,000-strong client base to launch a major overhaul of systems in a pandemic.

Qualtrics International Inc raised about $1.55 billion in its initial public offering, the survey-software seller said on Thursday.

Survey-software seller Qualtrics International Inc, owned by business software group SAP , is aiming for a valuation of roughly $15 billion in its U.S. initial public offering, as it tees up for a blockbuster market debut.

Survey-software seller Qualtrics International Inc, owned by business software group SAP , is aiming to raise up to $1.46 billion in its U.S. initial public offering, it said on Monday. (Reporting by Anirban Sen in Bengaluru; Editing by Anil D'Silva)

* Microsoft alumna Julia White to head marketing and solutions

SAP executive board member Adaire Fox-Martin will leave the company, a source with direct knowledge of the matter said on Friday, as the software group's troubled transition to cloud computing claimed another management casualty.

Business software group SAP forecast flat revenue and a decline in operating profit in 2021, as it released preliminary annual results that came at the high end of guidance slashed last autumn.

Tech firms SAP and IBM said on Thursday they had redrawn their human resources policies after last year's Black Lives Matter protests, improving recruitment and acting to address issues of race more openly in the workplace.

* Salesforce deal to buy Slack doesn't pressure us to do M&A - CEO

* Business software group ditches 2023 ambition, cuts 2020 outlook

European stocks sank on Monday, as Italy and Spain imposed fresh restrictions to control a resurgence in coronavirus cases, while shares in German heavyweight SAP slumped 20% after it cut its 2020 outlook.

SAP forecast headwinds over the next few years as it rebounds from the coronavirus pandemic and forces the pace of its transition to cloud services, forecasting an acceleration in growth and profitability only after that.

SAP on Sunday cut its guidance for the year and abandoned its forecast that profitability would expand steadily over the medium term, saying coronavirus lockdowns would hit demand well into 2021.

German data mining company Celonis said it will acquire Czech peer Integromat, in a deal that will help clients boost efficiency by connecting, automating and scaling up separate business processes.

SAP will try to allocate 5% of its procurement spending to social enterprises and diverse businesses by 2025 to encourage greater social and environmental responsibility.