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SAP & EY Partner to Boost Sustainability for Corporations
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SAP SE (SAP - Free Report) and the EY organization have teamed up to boost value-led sustainability action for business organizations. The solutions are designed to aid corporations plan more effective climate and social impact strategies.
Under this partnership, EY solutions will utilize SAP Sustainability Control Tower solution to aid businesses in progressing from “Record to Report to Action” and report against various regulatory frameworks. It will also assist in embedding sustainability metrics in the internal performance management processes.
Also, EY and SAP will be helping companies to set environmental considerations in various business processes (supply chain, finance, tax, manufacturing and human resources) as part of their digital transformation with SAP S/4HANA Cloud.
Moreover, to support SAP’s Responsible Design and Production solution, EY will provide legal and regulatory updates on sustainability incentives, environmental taxes, tax exemptions and carbon regimes to corporations in real time.
The two companies will work closely with certain clients to further develop the requirements and analytics needed to change greenhouse gas (GHG) accounting from estimates to a more precise reflection of a corporation’s carbon footprint. This will ensure better management of GHG performance across entire operations to tackle climate-change crisis.
Apart from these initiatives, EY organization and SAP are planning to continue with go-to-market activity to drive adoption and support SAP’s various solutions (SAP S/4HANA, RISE with SAP and GROW with SAP) with sustainability accelerators and use cases.
SAP is one of the largest independent software vendors in the world. The company is also the leading provider of enterprise resource planning software.
Its performance is benefiting from continued strength in its cloud business (especially the new Rise with SAP solution) across all regions. Momentum in SAP’s business technology platform, particularly S/4HANA solution, along with opportunities presented by proliferation of generative AI bodes well.
The company’s restructuring plan is expected to align its go-to-market approach with its accelerated cloud transformation. Frequent product launches like Grow with SAP, and strategic acquisitions and collaborations are other tailwinds.
However, the company’s performance is affected by continued softness in the Software license and support business segment coupled with global macroeconomic weakness and geopolitical instability. Also, increasing research & development costs, and stiff competition in the cloud space are concerns.
SAP currently carries a Zacks Rank #4 (Sell). Shares of the company have gained 55.6% compared with the sub-industry’s growth of 48.6% in the past year.
The Zacks Consensus Estimate for Asure Software’s 2023 EPS has increased 5.9% in the past 60 days to 54 cents.
Asure Software’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 676.4%. Shares of ASUR have surged 69.8% in the past year.
The Zacks Consensus Estimate for Synopsys’ fiscal 2023 EPS has gained 2.5% in the past 60 days to $11.09. SNPS’ long-term earnings growth rate is 16.4%. Shares of SNPS have climbed 78.8% in the past year.
The Zacks Consensus Estimate for VMware’s fiscal 2024 EPS has improved 5.9% in the past 60 days to $7.23.
VMware’s earnings outpaced the Zacks Consensus Estimate in two of the last four quarters, while missing it in the remaining quarters. The average earnings surprise is 1.2%. Shares of VMW have jumped 68.4% in the past year.
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SAP & EY Partner to Boost Sustainability for Corporations
SAP SE (SAP - Free Report) and the EY organization have teamed up to boost value-led sustainability action for business organizations. The solutions are designed to aid corporations plan more effective climate and social impact strategies.
Under this partnership, EY solutions will utilize SAP Sustainability Control Tower solution to aid businesses in progressing from “Record to Report to Action” and report against various regulatory frameworks. It will also assist in embedding sustainability metrics in the internal performance management processes.
Also, EY and SAP will be helping companies to set environmental considerations in various business processes (supply chain, finance, tax, manufacturing and human resources) as part of their digital transformation with SAP S/4HANA Cloud.
Moreover, to support SAP’s Responsible Design and Production solution, EY will provide legal and regulatory updates on sustainability incentives, environmental taxes, tax exemptions and carbon regimes to corporations in real time.
SAP SE Price and Consensus
SAP SE price-consensus-chart | SAP SE Quote
The two companies will work closely with certain clients to further develop the requirements and analytics needed to change greenhouse gas (GHG) accounting from estimates to a more precise reflection of a corporation’s carbon footprint. This will ensure better management of GHG performance across entire operations to tackle climate-change crisis.
Apart from these initiatives, EY organization and SAP are planning to continue with go-to-market activity to drive adoption and support SAP’s various solutions (SAP S/4HANA, RISE with SAP and GROW with SAP) with sustainability accelerators and use cases.
SAP is one of the largest independent software vendors in the world. The company is also the leading provider of enterprise resource planning software.
Its performance is benefiting from continued strength in its cloud business (especially the new Rise with SAP solution) across all regions. Momentum in SAP’s business technology platform, particularly S/4HANA solution, along with opportunities presented by proliferation of generative AI bodes well.
The company’s restructuring plan is expected to align its go-to-market approach with its accelerated cloud transformation. Frequent product launches like Grow with SAP, and strategic acquisitions and collaborations are other tailwinds.
However, the company’s performance is affected by continued softness in the Software license and support business segment coupled with global macroeconomic weakness and geopolitical instability. Also, increasing research & development costs, and stiff competition in the cloud space are concerns.
SAP currently carries a Zacks Rank #4 (Sell). Shares of the company have gained 55.6% compared with the sub-industry’s growth of 48.6% in the past year.
Image Source: Zacks Investment Research
Key Picks
Some better-ranked stocks in the broader technology space are Asure Software (ASUR - Free Report) , Synopsys (SNPS - Free Report) and VMware . Each stock is sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Asure Software’s 2023 EPS has increased 5.9% in the past 60 days to 54 cents.
Asure Software’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 676.4%. Shares of ASUR have surged 69.8% in the past year.
The Zacks Consensus Estimate for Synopsys’ fiscal 2023 EPS has gained 2.5% in the past 60 days to $11.09. SNPS’ long-term earnings growth rate is 16.4%. Shares of SNPS have climbed 78.8% in the past year.
The Zacks Consensus Estimate for VMware’s fiscal 2024 EPS has improved 5.9% in the past 60 days to $7.23.
VMware’s earnings outpaced the Zacks Consensus Estimate in two of the last four quarters, while missing it in the remaining quarters. The average earnings surprise is 1.2%. Shares of VMW have jumped 68.4% in the past year.