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2024 | SAP pays $220 million to resolve Foreign Corrupt Practices Act violations in multiple countries, entering a three-year deferred prosecution agreement. |
2024 | SAP reported annual revenue of €34.2 billion, net income of €3.1 billion, with total assets of €74.1 billion and 107,155 employees. |
2024 | Supervisory Board election where Eberhard Schick from IG Metall and Andreas Hahn from the European Works Council were elected as representatives. |
September 13 2024 | German prosecutors open a formal investigation of sexual harassment involving Juergen Mueller and a female employee. |
September 3 2024 | CTO and Executive Board Member Juergen Mueller reaches a mutual agreement to leave the company by the end of the month due to an incident of inappropriate behavior. |
March 2024 | SAP agrees to pay R500 million as part of an agreement with South Africa's Special Investigating Unit related to previous bribery allegations. |
2023 | SAP achieved revenue of €31.2 billion with a significant net income of €6.1 billion, though workforce reduced to 106,043 employees. |
December 2023 | SAP's market capitalization reached US$180 billion, establishing it as the largest German company by market capitalization. Share price traded at over US$154 per share. |
October 2023 |
SAP S/4HANA
SAP introduced a significant shift in its release and maintenance strategy for SAP S/4HANA, moving to a two-year release cycle with a seven-year mainstream maintenance period per release.
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October 2023 |
SAP S/4HANA
SAP implemented a new approach of introducing more easily adoptable feature packs every six months during the first two years of a release, aimed at reducing disruptive upgrades and lowering implementation costs.
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October 2023 |
SAP S/4HANA
SAP S/4HANA 2023 was released with Component S4CORE 108, demonstrating ongoing innovation.
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2022 | SAP's revenue rose to €30.8 billion, but net income decreased to €2.2 billion, with workforce reaching 111,961 employees. |
October 2022 |
SAP S/4HANA
SAP S/4HANA 2022 was launched with Component S4CORE 107, continuing the platform's development.
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May 5 2022 | Works council election where 15 out of 45 seats went to IG Metall and ver.di trade union lists. Eberhard Schick was elected as works council chair, and Anne Schmitz as deputy chair, marking the first time union representatives held both positions. |
2021 | SAP saw a slight revenue increase to €27.8 billion and continued workforce expansion to 107,415 employees. |
October 2021 |
SAP S/4HANA
SAP released SAP S/4HANA 2021 with Component S4CORE 106, maintaining the annual release cycle.
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April 13 2021 | SAP announces the formation of a joint venture SAP Fioneer with investment company Dediq GmbH, focusing on the Financial Services Industry. |
January 18 2021 |
SAP BTP
SAP retired the 'SAP Cloud Platform' name from its product portfolio and introduced SAP BTP, which now serves over 27,000 customers and 2,800 partners.
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2020 | Despite the global pandemic, SAP maintained revenue at €27.3 billion and grew to 103,876 employees. |
2020 | SAP signed a collective agreement with the Histadrut trade union federation's Cellular, Internet and High-Tech Workers Union, covering 800 workers in the Israeli branch of the company. |
2020 | The German Federal Labour Court referred a question to the European Court of Justice regarding trade union representation in Supervisory Boards and compatibility with the Employee Involvement Directive. |
October 2020 |
SAP S/4HANA
SAP switched to a new nomenclature (YYYY) with SAP S/4HANA 2020, released with Component S4CORE 105.
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April 2020 | SAP announced that Jennifer Morgan would leave the company, and Christian Klein would continue as the sole CEO, citing the need for clear leadership during the COVID-19 recession. |
2019 | SAP increased revenue to €27.5 billion and expanded its workforce to 100,330 employees, showing continued growth. |
2019 | Founded Vianai, an AI company, with $50 million in initial funding and notable advisors including Indra Nooyi, John Etchemendy, Divesh Makan, Sebastian Thrun, and Alan Kay. |
December 2019 | Sikka was named to Oracle's board of directors. |
October 2019 | Jennifer Morgan and Christian Klein were appointed as co-CEOs of SAP, introducing a dual leadership structure for the company. |
September 2019 |
SAP S/4HANA
SAP S/4HANA 1909 was introduced with Component S4CORE 104, continuing the software's progression.
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September 17 2019 | Demonstrated Vianai's platform and announced the creation of a proprietary programming language designed to expand AI and Machine Learning accessibility for developers and companies. |
January 29 2019 | SAP announces plans to cut approximately 4,000 positions to shift to more modern cloud-based technologies. |
2018 | SAP reported annual revenue of €24.7 billion with 96,498 employees, demonstrating significant corporate performance. |
September 2018 |
SAP S/4HANA
SAP S/4HANA 1809 was released with Component S4CORE 103, demonstrating ongoing development.
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June 30 2018 |
SAP S/4HANA
SAP S/4HANA customer base grew to 8,900 customers.
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2017 | SAP reported annual earnings of €4 billion, with total revenue of €23.5 billion, representing a 6.3% increase from the previous fiscal cycle. |
2017 | Ranked #32 in India Today magazine's 50 Most Powerful People list. |
September 2017 |
SAP S/4HANA
SAP S/4HANA 1709 was launched with Component S4CORE 102, marking another significant update.
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August 24 2017 | Left his position as executive vice chairman of Infosys, with Nandan Nilekani appointed as the new non-executive chairman. |
August 24 2017 | U. B. Pravin Rao was appointed as interim CEO of Infosys following Sikka's resignation. |
August 18 2017 | Stepped down as Managing Director of Infosys after three years in the role. |
August 18 2017 | Vishal Sikka resigned from his position as Managing Director and CEO of Infosys. |
February 27 2017 |
SAP BTP
At the Mobile World Congress, SAP HANA Cloud Platform was renamed to 'SAP Cloud Platform'.
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2016 | SAP buys Concur Technologies for $8.3 billion, its most expensive purchase to that date. |
2016 |
SAP BTP
SAP partnered with Apple Inc. to develop mobile applications on iOS using cloud-based software development kits (SDKs) for the SAP Cloud Platform.
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December 31 2016 |
SAP S/4HANA
By the end of Q4, SAP announced 5,400 customers had implemented SAP S/4HANA.
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October 2016 |
SAP S/4HANA
SAP S/4HANA 1610 was released with Component S4CORE 101, continuing the platform's evolution.
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May 2016 |
SAP S/4HANA
SAP introduced SAP S/4HANA Finance 1605, further developing the enterprise solution.
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2015 |
SAP BTP
SAP HANA Cloud Platform reached significant market adoption with over 4,000 customers and 500 partners.
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November 2015 |
SAP S/4HANA
SAP released SAP S/4HANA 1511 with Component S4CORE 100, expanding the software's capabilities.
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October 2015 |
SAP S/4HANA
During Q3 earnings call, SAP confirmed S/4HANA had more than 1,300 customers.
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May 6 2015 |
SAP S/4HANA
SAP S/4HANA cloud edition went live at SAPPHIRE NOW conference in Orlando, Florida.
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