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MarketScreener Homepage  >  Equities  >  Nyse  >  Gartner Inc    IT

GARTNER INC

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Gartner : SAP Positioned as a Leader in Gartner 2020 Magic Quadrant for Enterprise Integration Platform-as-a-Service

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09/29/2020 | 09:22am EDT

SAP SE (NYSE: SAP) today announced that independent analyst firm Gartner Inc. has named SAP as a leader in Gartner's Magic Quadrant for Enterprise Integration Platform-as-a-Service.*

The report recognized SAP as a leader based on its 'ability to execute' and 'completeness of vision,' after evaluating SAP Cloud Platform Integration Suite. Gartner evaluated 17 vendors and named SAP a leader.

According to Gartner, 'Enterprise iPaaS providers continue to broaden their go-to-market strategies to cover an increasing range of enterprise integration scenarios. This Magic Quadrant assesses 17 vendors to help application leaders meet the needs of their organizations.'

'Integration is becoming the number one strategic priority for organizations in the digital age,' said Gunther Rothermel, president, SAP Cloud Platform, SAP. 'Customers now demand integrated digital experiences across omnichannel engagements, connecting people, businesses and devices in their ecosystems and business networks. We believe that this recognition from Gartner shows how crucial SAP Cloud Platform Integration Suite has become for customers on their digital journey'.

Eneco Holding N.V., a Dutch producer and supplier of natural gas, electricity and heat serving more than two million business and residential customers, uses SAP Cloud Platform Integration Suite.

'Thanks to SAP Cloud Platform Integration Suite, we were able to cut down our IT spend for integration middleware to between 50 percent and 60 percent of our annual total cost of ownership,' said Marco Verhoef, integration consultant, IT Asset Management, Eneco Holding N.V. 'At the same time, the ease of use and flexibility of the solution helped us go live in a matter of weeks.'

As part of SAP's Business Technology Platform, SAP Cloud Platform Integration Suite provides a comprehensive set of integration capabilities for all enterprise integration challenges in a multi-cloud environment. Additionally, SAP API Business Hub offers access to rich integration content packs with over 1,500 prebuilt, ready-to-run integrations, APIs and events that target specific business processes. SAP Cloud Platform Integration Suite enables customers to connect their data and processes seamlessly and with agility to achieve desired business outcomes.

Learn more about SAP Cloud Platform and its recent position as a leader in Gartner's 2020 Magic Quadrant for Multiexperience Development Platforms.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

Media Contact:

Julia Fargel, +1 (650) 276-8964, julia.fargel@sap.com, PT

SAP Press Room; press@sap.com

*Published September 21, 2020 by Analysts Eric Thoo, Massimo Pezzini, Keith Guttridge, Bindi Bhullar, Shameen Pillai, and Abhishek Singh.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

2020 SAP SE. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

(C) 2020 Electronic News Publishing, source ENP Newswire


Stocks mentioned in the article
ChangeLast1st jan.
GARTNER INC 0.48% 128.13 Delayed Quote.-16.85%
SAP SE 0.32% 124.9 Delayed Quote.3.81%
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Financials (USD)
Sales 2020 3 896 M - -
Net income 2020 144 M - -
Net Debt 2020 1 910 M - -
P/E ratio 2020 80,2x
Yield 2020 -
Capitalization 11 433 M 11 433 M -
EV / Sales 2020 3,43x
EV / Sales 2021 2,99x
Nbr of Employees 16 724
Free-Float 53,0%
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Number of Analysts 9
Average target price 137,75 $
Last Close Price 128,13 $
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Spread / Average Target 7,51%
Spread / Lowest Target -2,44%
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Eugene A. Hall Chief Executive Officer & Director
James C. Smith Non-Executive Chairman
Craig Warren Safian Chief Financial & Accounting Officer, Senior VP
Michael Diliberto Chief Information Officer & Executive VP
William Otto Grabe Independent Director
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