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GARTNER, INC.

(IT)
  Report
Delayed Nyse  -  04:03 2022-10-03 pm EDT
284.36 USD   +2.77%
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SAP Named a Leader in 2022 Gartner Magic Quadrant for Digital Commerce

08/18/2022 | 05:06am EDT

WALLDORF - SAP SE (NYSE: SAP) announced it has been named a Leader in the 2022 Gartner 'Magic Quadrant for Digital Commerce' for the eighth time.

In its latest 2022 report, Gartner Inc. assessed solutions from 19 vendors, including the SAP Commerce Cloud solution. The hybrid multitenant software as a service (SaaS) and single-tenant-hosted platform with platform-as-a-service capabilities uses Microsoft Azure.

'This is the eighth time SAP has been recognized as a Leader by Gartner, based on our Ability to Execute and Completeness of Vision. We have been acknowledged as a Leader since the Gartner Digital Commerce Magic Quadrant first published in 2014,' said Sameer Patel, Chief Marketing and Solutions Officer, SAP Customer Experience, SAP SE. 'In our opinion this is further confirmation that SAP consistently provides tangible value to our customers across the globe. The powerful ready-to-use capabilities and integrations help our customers achieve their digital commerce revenue and profitability goals - by rapidly embracing emerging business and revenue models, continuously optimizing tactics to improve customer experiences based on data and analytics or scaling up fast to be first to enter new geographies or markets.'

Digital commerce software from SAP can be implemented across industries and geographies and is particularly useful for companies with large product catalogs and complex use cases. Companies that chose digital commerce software from SAP in the first half of 2022 include:

Lao Niangjiu Foods is a leading Chinese fast-food brand with almost 400 restaurants. The company renewed the SAP Commerce Cloud solution with database expansion, aiming to build a solid platform to manage menus and orders and integrate data from multiple online and offline channels. By leveraging cloud solutions from SAP, Lao Niangjiu expects to improve management efficiency while continuing to offer high-quality food to consumers.

Degasa S.A. de C.V. is a Mexican company with a track record of more than 55 years of manufacturing and distributing medical products nationally and internationally. Degasa deployed the SAP Commerce Cloud solution to improve the customer experience during the purchase process. With SAP technology, Degasa will create a complete profile of its customers, offer personalized service and reach more companies in the pharmaceutical sector. The company will also improve operational efficiency with visibility into prices and inventories in real time and the ability to automate orders.

Shenzhen Mindray Animal Medical Technology Co. Ltd., a provider of animal medical devices, serves tens of thousands of veterinary hospitals in nearly 100 countries. With the SAP Commerce Cloud solution, the SAP Sales Cloud solution, and SAP Business Technology Platform, Mindray Animal Medical plans to build a one-stop collaborative service platform for its distributors. It also intends to gain more nuanced insights into customer needs in order to reinforce brand loyalty.

Digital commerce software from SAP is part of the SAP Customer Experience portfolio, which goes beyond traditional CRM solutions by bringing together customer data, experiential and operational data and machine learning.

To find out more, download a complimentary copy of the report, including an in-depth Gartner analysis of the digital commerce landscape.

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

Media Contact:

Stacy Ries, +1 (610) 661-6327, stacy.ries@sap.com, ET

SAP Press Room; press@sap.com

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
GARTNER, INC. 2.77% 284.36 Delayed Quote.-17.24%
SAP SE 0.82% 84.81 Delayed Quote.-32.65%
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Analyst Recommendations on GARTNER, INC.
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Financials (USD)
Sales 2022 5 389 M - -
Net income 2022 648 M - -
Net Debt 2022 1 728 M - -
P/E ratio 2022 34,6x
Yield 2022 -
Capitalization 21 884 M 21 884 M -
EV / Sales 2022 4,38x
EV / Sales 2023 3,90x
Nbr of Employees 16 600
Free-Float 46,9%
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Number of Analysts 9
Last Close Price 276,69 $
Average target price 327,75 $
Spread / Average Target 18,5%
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Managers and Directors
Eugene A. Hall Chief Executive Officer & Director
Craig Warren Safian Chief Financial Officer & Executive Vice President
James C. Smith Director
Michael Diliberto Chief Information Officer & Executive VP
William Otto Grabe Independent Director
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