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Top related persons:
Luka Mucic - 2 Budrul Chukrut - 1 Vodafone's - 1 Judson Althoff - 1 Margherita Della Valle's - 1 Della Valle - 1 We've - 1 Ahmed Essam - 1
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6 mentions found


☆ Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT
  + stars: | 2024-01-16 | by ( ) www.cnbc.com   time to read: +2 min
(Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets. Microsoft's Chief Commercial Officer Judson Althoff said Vodafone's strength in IoT and financial services were strategically important. Microsoft deploys "digital twins" to model manufacturing environments so that process improvements can be tested in the cloud. "Vodafone's IoT stack allows us to go into those environments, model the environment, create large-scale data stores, and use AI to help customers meet their sustainability goals," he said. "We are excited to bring generative AI capabilities to help customers make more intelligent financial decisions," he said.
Persons: Budrul Chukrut, Vodafone's, Luka Mucic, Judson Althoff Organizations: Vodafone, LON, Getty Images, Microsoft Locations: CHINA, British, Africa, Kenya, Tanzania, South Africa
☆ Vodafone takes 'first steps' in turnaround with top-line improvement
  + stars: | 2023-07-24 | by ( Paul Sandle | ) www.reuters.com   time to read: +2 min
LONDON, July 24 (Reuters) - Vodafone (VOD.L) reported better top-line growth on Monday, driven by higher prices in Britain and improvements in Germany, Italy and Spain, marking a positive start for new Chief Executive Margherita Della Valle's turnaround plan. She said on Monday that organic service revenue had improved "across almost all of our markets", as it reported a 3.7% first-quarter rise. The decline in service revenue in Germany more than halved quarter-on-quarter to 1.3%, as price rises partially offset the impact of customer losses over the last 18 months. Growth in service revenue in Britain, where Vodafone announced the merger of its operation with Hutchison's rival network Three last month, accelerated to 5.7%, boosted by strong growth in consumer and price increases. In Italy, improved demand from businesses helped reduce the service revenue decline to 1.6%, from 2.7% in the previous quarter, it said, while Spain saw a smaller improvement to a decline of 3.0% from 3.7%.
Persons: Margherita Della Valle's, Luka Mucic, Della Valle, We've, Ahmed Essam, Paul Sandle, Kate Holton, Sharon Singleton Organizations: Vodafone, SAP, Thomson Locations: Britain, Germany, Italy, Spain
☆ SAP to cut 3,000 jobs, explore Qualtrics stake sale
  + stars: | 2023-01-26 | by ( Kirsti Knolle Supantha Mukherjee | Kirsti Knolle | Supantha Mukherjee | ) www.reuters.com   time to read: +2 min
In Germany, where SAP is headquartered, the company will cut slightly more than 200 jobs. SAP has also started the process to sell its stake in Qualtrics (XM.O). REUTERS/Arnd Wiegmann/File Photo 1 2Currently, survey-software seller Qualtrics has a market value of $7 billion and SAP has a 71% stake. SAP forecast core operating profit of 8.8-8.9 billion euros at constant currencies for this year. It also expects cloud revenue at constant currencies for 2023 to rise to 15.3-15.7 billion euros, from 12.56 billion euros last year.
☆ The business environment is not getting easier in the short-term, says SAP CFO
  + stars: | 2023-01-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business environment is not getting easier in the short-term, says SAP CFOLuka Mucic, CFO of SAP, discusses the company's fourth-quarter earnings and his outlook for the cloud business in 2023.
☆ SAP to cut 3,000 roles, explore sale of Qualtrics stake
  + stars: | 2023-01-26 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +2 min
German enterprise software firm SAP said Thursday that it will be cutting up to 3,000 jobs, or about 2.5% of its workforce, becoming the latest tech giant to announce significant layoffs. "We are further focusing our portfolio in areas where we are strongest to continue our accelerated growth," said Christian Klein, CEO of SAP, during the company's fourth-quarter 2022 earnings call. SAP shares were trading over 2% lower at 8:05 a.m. London time following the announcement. It comes after the company reported positive fourth-quarter results during the call. "We in the tech sector, we at SAP, we are very confident about the year ahead," Klein said at the time.
☆ Exclusive: SAP delays Russia exit as deal talks fail and workers at risk
  + stars: | 2022-10-24 | by ( Alexander Marrow Supantha Mukherjee | Alexander Marrow | Supantha Mukherjee | ) www.reuters.com   time to read: +6 min
"SAP is fully committed to winding down our business in Russia as quickly as possible," a SAP spokesperson said. Russia's parliament has been discussing draft legislation that would allow Moscow to seize Western companies' assets and possibly prosecute executives involved in implementing sanctions against Russia. While Gazprom and Sberbank were hit by Western sanctions, Nornickel was not. The SAP case sheds light on the complications Western companies face leaving Russia. While some departing companies have fired local staff, SAP gave them the option to relocate from Russia.
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