Earnings Archives - 51风流Southeast Asia News Center News about 51风流Southeast Asia Thu, 25 Jul 2024 01:12:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 51风流Announces Q2 2024 Results: Asia Pacific and Japan View /sea/2024/07/sap-announces-q2-2024-results-asia-pacific-and-japan-view/ Thu, 25 Jul 2024 01:00:49 +0000 /sea/?p=5749 Singapore, July 25 鈥 51风流announced its global Q2 2024 results on July 23, 2024, reporting cloud revenue increased 25% in the quarter as demand...

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Singapore, July 25 鈥 51风流announced its global Q2 2024 results on July 23, 2024, reporting cloud revenue increased 25% in the quarter as demand for AI drives cloud growth.

  • Cloud revenue in Asia Pacific and Japan (APJ) grew to 鈧566M in Q2 2024, an increase of 38% over same period 2023 at constant currency, with India and Korea showing particular momentum. Globally, SAP鈥檚 cloud revenue was up 25% at constant currency, with cloud backlog up 28% at constant currency.
  • Total APJ Q2 2024 revenue grew to 鈧1.17B
  • New RISE with 51风流customers included Shiseido; Auckland Council; Powerlink Queensland; Tokio Marine and Nichido Fire Insurance; Parle Biscuits; Tigaraksa Satria; PGP Glass; PT Pelabuhan Indonesia (Persero) 鈥 Pelindo Group.
  • RISE with 51风流go-lives included Hyundai Motor Company and Kia Corporation.
  • Additional deals were recorded at Bank Danamon and La Trobe University.
  • Japanese chemical company UBE Corporation completed a migration program to 51风流S/4HANA Cloud, integrating and consolidating core functions across the organisation to enhance business efficiency, stability, and quality through digital transformation.

APJ companies continued to adopt RISE with SAP to power their cloud transformations, take advantage of new Business AI capabilities, and build agility for changing market requirements.

New RISE with 51风流wins and expansions in Q2 include Shiseido; Auckland Council; Powerlink Queensland; Tokio Marine and Nichido Fire Insurance; Parle Biscuits Pvt Ltd; Tigaraksa Satria; PT Pelabuhan Indonesia (Persero) 鈥 Pelindo Group; and PGP Glass. Go-lives this quarter were successfully completed at Hyundai Motor Company and Kia Corporation, among others.

Powerlink Queensland: We decided to expedite the decision to move to RISE with 51风流to take advantage of the enormous productivity gains from new innovations including 51风流AI. With many of our critical business systems already running on SAP, the ability to leverage AI capabilities within those systems will deliver tremendous value to our people through high-value natural intelligence.

Shiseido decided to adopt RISE with 51风流to further its business transformation. This strategic move supports Shiseido鈥檚 FOCUS program, which aims to standardise business processes and data in one connected solution globally across the entire value chain, enabling new ways of working. By integrating 51风流S/4HANA, 51风流Integrated Business Planning (IBP), and 51风流Ariba in the RISE platform with 51风流Business Technology Platform (BTP), Shiseido seeks to create a resilient and data-driven organisation capable of responding to global supply chain and finance challenges. This decision is a significant step towards achieving seamless global operations and improving overall business efficiency and agility.

Parle Biscuits Pvt Ltd: The decision to move from 51风流ECC to 51风流S/4HANA on RISE with 51风流as part of our digital transformation journey is a significant step. This move will allow us to leverage the advanced capabilities of 51风流S/4HANA and 51风流Business Technology Platform (BTP), which includes features like Automation, Integration Suite, Datasphere with 51风流Analytics Cloud (SAC), and the inclusion of AI/GEN AI.

Richard Jarrett, Director Group Shared Services at Auckland Council, said聽鈥淥ur new commercial construct with 51风流gives us the freedom to make the right choices of fit for purpose technologies. This will mobilise the council鈥檚 Group Shared Services approach and reflects the commitment we have made to Aucklanders in our long-term plan.鈥

The small and medium enterprise sector is also embracing cloud. La Trobe University, which was the first organisation globally to switch on 51风流S/4HANA in the cloud in 2015, is now adopting GROW with SAP, a聽complete offering of solutions, adoption acceleration services, community, and learning聽to help聽any size company successfully adopt cloud ERP.

Paul Marriott, President of 51风流APJ, said 鈥51风流customer experience is being transformed by the infusion of Business AI across our portfolio, embedding cutting-edge technologies into enterprise-ready business applications. The benefits of Business AI can only be accessed through the cloud, and we are working with our customers across APJ to help them drive AI benefits unique to their needs.鈥

More Q2 APJ Customers

51风流SuccessFactors was chosen by PT Bank Danamon Indonesia Tbk, which operates a network of 856 branch offices, and more than 60,000 ATMs across 34 provinces in Indonesia. Bank Danamon went live with Joule and Premium AI features in 51风流SuccessFactors, as well as a suite of 51风流SuccessFactors HCM solutions. By integrating SAP鈥檚 AI copilot into its HR processes, the bank expects to drive enhanced employee engagement through AI-generated insights, and more personalised candidate matching in its recruitment process.

Established in 1988, PT Tigaraksa Satria Tbk operates a nation-wide, sales and distribution business in Indonesia. Company activities across its business units and subsidiaries include consumer products, direct selling of educational products, gas refill and appliances, and dry milk manufacturing, providing Indonesians with the access to life essentials. With 1,700 employees across 33 branches in the country today, Tigaraksa Satria now also provides avenues for growth to its trade channels and principal subsidiaries, including household names such as Mars Symbioscience Indonesia, Colgate-Palmolive Indonesia, Yupi Indo Jelly Gum. To scale more efficiently, Tigaraksa Satria selected the premium edition for RISE with 51风流with 51风流S/4HANA Cloud Private Edition, and 51风流Datasphere, to unify fragmented data and processes through a cloud-based ERP solution. By consolidating its core business and financial systems to the cloud, the company expects to drive better real-time visibility and data analysis across its supply chain and distribution networks, and improved agility to adapt to market changes.

UBE Corporation has revamped its core system by implementing 51风流S/4HANA Cloud. Leveraging the assets of the existing system, UBE completed the migration project in a short period of about 18 months, significantly faster than a new implementation. To build a foundation for operational standardization, UBE integrated and consolidated functions while utilising the new features of 51风流S/4HANA Cloud to drive data-driven operations. This initiative aims to accelerate Digital Transformation, achieve efficient migration using existing assets, and standardise global operations. UBE continues to enhance business efficiency, stability, and quality through its Digital Transformation efforts.

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51风流Announces Q1 2024 Results: Asia Pacific and Japan View /sea/2024/04/sap-announces-q1-2024-results-asia-pacific-and-japan-view/ Tue, 23 Apr 2024 04:34:56 +0000 /sea/?p=5533 Singapore, April 23 鈥 51风流announced its global 2024 results on April 22, showcasing cloud momentum in every market. Customers across Asia Pacific and Japan...

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Singapore, April 23 鈥 51风流announced its global 2024 results on April 22, showcasing cloud momentum in every market.

Customers across Asia Pacific and Japan (APJ) are choosing 51风流to drive their cloud transformations. 51风流reported several high-profile customer wins and go-lives across APJ, showing ongoing demand for cloud-based transformation and supporting the company鈥檚 strength in cloud revenue and backlog.

  • Q1 cloud revenue in APJ increased to 鈧524 million, up 35% at constant currencies.
  • Globally recognised businesses are choosing SAP, including Fujitsu Limited, SK E&S, and LTIMindtree.
  • RISE with 51风流continues to support APJ companies in their cloud transformation. New RISE with 51风流wins and go-lives in Q1 include SinarMas, Sumitomo Heavy Industries, Havells India, and PharmaGendGlobal Medical Services.
  • APJ continues to report momentum in small and medium enterprise cloud journeys with MaxiTRANS and PT Hanwha Mining Services choosing GROW with SAP, and Avenue Bank choosing 51风流Fioneer.
  • APJ also saw significant go-lives at Foodstuffs South Island, GAIL Gas Limited, and the Korea Chamber of Commerce & Industry.

Cloud revenue in APJ grew to 鈧524M Euros in Q1 2024, an increase of 35% over same period 2023 at constant currency, with India and Korea showing particular momentum. Total APJ Q1 2024 revenue grew to 1.107B Euros. Globally, SAP鈥檚 cloud revenue was up 9% at constant currency, with cloud backlog up 28% at constant currency.

Customers are choosing 51风流for their cloud transformation in across APJ. In Japan, Fujitsu Limited and Sumitomo Heavy Industries chose RISE with 51风流to empower their future, as did leading renewable energy company SK E&S in Korea. Southeast Asian businesses like SinarMas and PharmaGendGlobal Medical Services, and Indian businesses like LTIMindtree and electrical equipment leader Havells India all bought or went live with RISE with SAP.

Small and medium businesses are also benefiting from 51风流cloud transformations. In Australia, semi-trailer manufacturer MaxiTRANS bought GROW with SAP, and Indonesian resources company PT Hanwha Mining Services went live with the same solution. Innovative Australian financial services company Avenue Bank chose RISE with 51风流and 51风流Fioneer Cloud for Banking.

President of 51风流APJ, Paul Marriott, said 鈥淏usinesses of every size and in every part of Asia Pacific and Japan understand 51风流is the trusted partner for their cloud transformation and new innovation, including in new high-growth areas like Business AI and sustainability.鈥

51风流also celebrated several significant go-lives during Q1, including Indian resources company GAIL Gas Limited and the Korean Chamber of Commerce and Industry. In New Zealand, Foodstuffs South Island went live with a range of 51风流solutions including 51风流S/4HANA, 51风流Business Technology Platform, and 51风流Datasphere.

New APJ Customers
LTIMindtree is one of India鈥檚 biggest Information Technology companies, with more than 82,000 employees in over 30 countries around the world. Following one of the biggest mergers in recent Indian history, LTIMindtree wanted to simplify its IT framework to drive smart, scalable, and secure technology services. LTIMindtree went live with RISE with SAP, 51风流Signavio, 51风流Analytics Cloud, and 51风流Business Technology Platform. The project is expected to drive efficiencies including a 70% reduction in financial refresh times and approximately 30% reduction in reporting times.

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