SAP SE (SAP - Free Report) recently announced that its state-of-the-art cloud-enterprise resource planning (ERP) software-as-a-service (SaaS) solution — SAP S/4HANA — will now be available in Brazil.
SAP S/4HANA includes built-in artificial intelligence and machine learning capabilities, and aids in streamlining business procedures with a shortened user experience.
The company’s SAP S/4HANA solution is currently used in several service-centric and product-centric industries across the globe. Companies in these industries lower cost and boost business value with this intelligent solution. Notably, the SAP S/4HANA solution helps improve companies’ efficiency across finance and procurement, manufacturing, project management and supply-chain management.
SAP noted that the SAP S/4HANA cloud-based solution will likely secure a sturdy response from the Brazilian market, as the country has always promptly embraced new technologies.
Poor Zacks Rank
Over the last month, SAP’s shares have rallied 5.8%, underperforming 7.4% growth recorded by the industry.
Lackluster performance of the global information technology industry, along with flat customer spending projections, have affected performance of this Zacks Rank #4 (Sell) company over the past few quarters. Moreover, currency fluctuations have been hurting the company’s financial performance, particularly in the Americas.
Stocks to Consider
Some better-ranked stocks in the same space are listed below:
DST Systems, Inc. sports a Zacks Rank of 1 (Strong Buy). The company’s earnings per share (EPS) are projected to grow 10% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.
Konami Corp. (KNMCY - Free Report) also flaunts a Zacks Rank of 1. The company’s EPS is estimated to be up 25 % over the next three to five years.
The Ultimate Software Group, Inc. (ULTI - Free Report) carries a Zacks Rank of 1. The company’s EPS is predicted to rise 22.10% during the same time frame.
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