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SAP SE - Stock Quote SAP

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Morningstar's SAP SE Stock Analysis

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Is it the right time to buy or sell?

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We Think SAP Will Return to Sappy, Software Stickiness Only After Cloud Migration Trends

Julie Bhusal Sharma Equity Analyst

Business Strategy and Outlook

| Julie Bhusal Sharma |

SAP is a best-in-breed enterprise resource planning provider and holds dominant market share in global ERP software. However, SAP is phasing out its support of its on-premises ERP Central Component software such that by 2030 all of its ERP customers will need to shift to a cloud solution. We think that this vulnerability is a significant threat to SAP’s switching costs, as competitors like Workday offer compelling cloud ERP solutions, while forced migration opens up opportunity to question a company’s best fit for ERP needs. In turn, we believe SAP’s narrow moat, derived from its switching costs, is trending negative. However, it is still early in SAP's transition of on-premises users to the cloud, which leads us to believe its negative trend could be prolonged.

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Key Statistics - SAP

SAP SE's Company Profile

Business Description

Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small to medium-size enterprises.

Dietmar-Hopp-Allee 16
Walldorf, BW, 69190, Germany
T +49 6227747474
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 109,798