SAP said in a statement on Tuesday that it plans to carry out voluntary buyouts or job changes for 8,000 employees as part of a 2024 restructuring program, although it said headcount should remain the same. SAP shares were up about 1% in extended trading.
The company is looking to reposition itself for faster revenue growth, in part from artificial intelligence. Total revenue grew 4% year over year in the third quarter.
SAP said it expects 10 billion euros in 2025 adjusted operating profit. That’s down 2 billion euros from its previous outlook because of share-based compensation, but up by 500 million euros thanks to expected efficiencies from the restructuring.
This is breaking news. Please check back for updates.
.png "A Quick Comparison of Search Engines")
