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Top related persons:
Arnd - 1 Sindhu Gangadharan - 1 Gangadharan - 1 Sam Altman - 1 Hritam Mukherjee - 1 Navamya Ganesh - 1 Dhanya Skariachan - 1 Josie Kao - 1
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Regensdorf Switzerland Bengaluru India
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☆ SAP's India arm eyes more patents, jobs amid AI push
  + stars: | 2023-09-14 | by ( Hritam Mukherjee Navamya Ganesh Acharya | Hritam Mukherjee | Navamya Ganesh Acharya | ) www.reuters.com   time to read: +2 min
SAP Labs India Managing Director Sindhu Gangadharan hopes the Indian unit will scale up its share of global SAP patents to 50% from 25% currently, she said in an interview on the sidelines of an event in Bengaluru. SAP Labs India, which employs over 15,000 people, aims to embed generative AI across its products to cater better to the changing needs of its clients ranging from Thermax (THMX.NS) to Dabur India (DABU.NS). "Through AI, India can solidify its IT supremacy," Gangadharan had said in the event, earlier in the day. The comments come as SAP looks to "double down" on investments in India, its fastest growing region and home to 40% of its global Research and Development (R&D) activity. Gangadharan, while referring to the regulation of AI, said there should be a "great amount of responsibility barriers with flexibility to the end-user".
Persons: Arnd, Sindhu Gangadharan, Gangadharan, Sam Altman, Hritam Mukherjee, Navamya Ganesh, Dhanya Skariachan, Josie Kao Organizations: SAP, AG, REUTERS, Rights, Reuters, SAP Labs India, Research, Microsoft, Thomson Locations: Regensdorf, Switzerland, Bengaluru, India
☆ SAP to embed ChatGPT in products as quarterly revenue beats estimates
  + stars: | 2023-04-21 | by ( Andrey Sychev Supantha Mukherjee | Andrey Sychev | Supantha Mukherjee | ) www.reuters.com   time to read: +2 min
The logo of German software group SAP is pictured at the headquarters of SAP (Schweiz) AG in Regensdorf, Switzerland January 22, 2021. Revenue from SAP's lucrative cloud business grew 24% year-on-year, broadly in line with consensus. For the year, SAP expects non-IFRS operating profit in the range of 8.6-8.9 billion euros, 200 million euros less than before. Cloud revenue forecast is seen down by 1.3 billion euros to between 14 and 14.4 billion euros. "Underlying guidance is essentially unchanged, although updated to reflect the disposal of Qualtrics," Jefferies analysts wrote in a client note.
☆ 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.
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