SAP (ETR:SAP) in Harding Loevner Q3 2024

Enterprise Software Leader with Strong Cloud Transition

Apr 14, 2025

Summary

Leading provider of enterprise software solutions with a strong presence in Europe.
Benefiting from the ongoing transition to cloud-based solutions and digital transformation.
Faces competition from other major enterprise software providers and cloud platforms.
Recent performance supported by strong cloud revenue growth and strategic partnerships.
Future outlook remains positive with continued investment in cloud innovation and expansion.

SAP (ETR:SAP, Financial) was highlighted in the Harding Loevner International Developed Markets Equity Q3 2024 report as a key holding due to its leadership in enterprise software and its successful transition to cloud-based solutions. The company’s strong presence in Europe and focus on digital transformation initiatives have been pivotal in driving its growth.

"SAP’s continued investment in cloud innovation and strategic partnerships make it a valuable asset in our portfolio." — Harding Loevner, Q3 2024 Fund Letter

Read full letter at gurufocus harding loevner international developed markets equity q3 2024 report 2024 Q3 page.

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