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SAP Enters into Agreements with Open Text and PowerPlan
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Germany-based enterprise-application software provider, SAP SE (SAP - Free Report) , recently announced that it has signed two agreements. The first one is a global reseller agreement with Enterprise Information Management ("EIM") provider, Open Text Corporation (OTEX - Free Report) . The second one is an OEM agreement with strategic corporate performance management provider, PowerPlan.
Per the first agreement, SAP will resell OpenText Extended ECM as SAP SuccessFactors Extended Enterprise Content Management. The latest cloud-based solution will help clients manage human resources (HR) and employee documents from generation to disposition. SAP believes that this solution will help clients enhance HR efficiency by centralizing the entire document management process.
According to the OEM agreement, PowerPlan will join forces with SAP to integrate its adapter with SAP S/4HANA. This will help connect PowerPlan’s core solutions with S/4HANA Finance, thereby accelerating “month-end” processes. Furthermore, the integrated solution will help asset-intensive organizations to simplify asset data management, as well as boost the cloud adoption process.
SAP believes that a tremendous wave of HR digital transformation is about to occur as most companies are scouting for ways to eliminate tedious processes. The company expects SAP SuccessFactors Extended ECM to be a crucial tool in removing these issues. Also, as utility companies continue to adopt to cloud platforms, SAP believes that the deal with PowerPlan will aid clients further for managing systems seamlessly.
SAP’s shares have had a decent run year to date, gaining 20.5% and surpassing the Zacks categorized Computer-Software industry’s average gain of 17.4%. Though the company did not begin 2017 on a high note due to the bottom-line mark missing the Zacks Consensus Estimate, investors seem to have favorable expectations. Also, analysts are showing favor toward this Zacks Rank #3 (Hold) stock as the estimates have witnessed upward revisions over the past couple of months, signaling bullish sentiment.
In the last 60 days, the Zacks Consensus Estimate for full-year 2017 earnings has trended up from $3.66 to $4.03. We consider it a wise proposition to hold on to the stock as it has multiple catalysts working in its favor. The company’s long-term growth drivers include an extensive business network, a resilient Cloud and Software business, and dominance over critical client-demand areas.
Of late, growth of the company’s S/4HANA and other Cloud initiatives has been spectacular, which, in turn, has been boosting financials. Also, SAP's recent focus on machine learning to fortify its Internet of Things (“IoT”) stronghold is likely to unlock fresh growth avenues.
Cohu has a striking earnings surprise history, with an average positive surprise of 121.2% for the trailing four quarters, beating estimates all through.
Amkor Technology beat earnings estimates in three of the trailing four quarters at an average of 43.1%.
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Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
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SAP Enters into Agreements with Open Text and PowerPlan
Germany-based enterprise-application software provider, SAP SE (SAP - Free Report) , recently announced that it has signed two agreements. The first one is a global reseller agreement with Enterprise Information Management ("EIM") provider, Open Text Corporation (OTEX - Free Report) . The second one is an OEM agreement with strategic corporate performance management provider, PowerPlan.
Per the first agreement, SAP will resell OpenText Extended ECM as SAP SuccessFactors Extended Enterprise Content Management. The latest cloud-based solution will help clients manage human resources (HR) and employee documents from generation to disposition. SAP believes that this solution will help clients enhance HR efficiency by centralizing the entire document management process.
According to the OEM agreement, PowerPlan will join forces with SAP to integrate its adapter with SAP S/4HANA. This will help connect PowerPlan’s core solutions with S/4HANA Finance, thereby accelerating “month-end” processes. Furthermore, the integrated solution will help asset-intensive organizations to simplify asset data management, as well as boost the cloud adoption process.
SAP believes that a tremendous wave of HR digital transformation is about to occur as most companies are scouting for ways to eliminate tedious processes. The company expects SAP SuccessFactors Extended ECM to be a crucial tool in removing these issues. Also, as utility companies continue to adopt to cloud platforms, SAP believes that the deal with PowerPlan will aid clients further for managing systems seamlessly.
SAP’s shares have had a decent run year to date, gaining 20.5% and surpassing the Zacks categorized Computer-Software industry’s average gain of 17.4%. Though the company did not begin 2017 on a high note due to the bottom-line mark missing the Zacks Consensus Estimate, investors seem to have favorable expectations. Also, analysts are showing favor toward this Zacks Rank #3 (Hold) stock as the estimates have witnessed upward revisions over the past couple of months, signaling bullish sentiment.
In the last 60 days, the Zacks Consensus Estimate for full-year 2017 earnings has trended up from $3.66 to $4.03. We consider it a wise proposition to hold on to the stock as it has multiple catalysts working in its favor. The company’s long-term growth drivers include an extensive business network, a resilient Cloud and Software business, and dominance over critical client-demand areas.
Of late, growth of the company’s S/4HANA and other Cloud initiatives has been spectacular, which, in turn, has been boosting financials. Also, SAP's recent focus on machine learning to fortify its Internet of Things (“IoT”) stronghold is likely to unlock fresh growth avenues.
Stocks to Consider
Some better-ranked stocks in the broader sector include Cohu, Inc. (COHU - Free Report) and Amkor Technology, Inc. (AMKR - Free Report) . While Cohu sports a Zacks Rank #1 (Strong Buy), Amkor holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cohu has a striking earnings surprise history, with an average positive surprise of 121.2% for the trailing four quarters, beating estimates all through.
Amkor Technology beat earnings estimates in three of the trailing four quarters at an average of 43.1%.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>