Pause operations: company temporarily curtailing operations while keeping return options open

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SAP is the largest non-American software company by revenue, the world's third-largest publicly-traded software company by revenue, and the largest German company by market capitalization.

 
 
 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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Germany
IT

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
22
Assets(RF), mln.USD
125
Taxes(RF), mln.USD
139
Glob.Revenue, mln.USD
33773
Staff(RF), 2021
1587

The company has a development center in Moscow. The German supplier of business applications SAP will close access to cloud services for Russian clients from March 20, 2024.

The Company Statement
September 05, 2023

The company stopped all sales in Russia and then Belarus. The company actively shutting down cloud operations in Russia. SAP delays Russia exit as deal talks fail and workers at risk. The German company SAP, one of the world's largest developers of ERP systems, was left with several hundred million euros in operating profit due to its departure from Russia and Belarus. All losses are reflected in its report for 2022. However, it later became known that support is still available to customers with current contracts. SAP created a closed portal for Russian customers to download software updates from there. The former head of the Russian office of SAP headed the company, which provides technical support for Russian customers. The German supplier of industrial software SAP stops supporting its solutions in Russia. The developer's clients have already started to transfer the technical support of their systems to local IT companies. However, there is still no full-fledged analogue of SAP in Russia. Significantly decreased revenue in 2023 vs 2022.

Open the Statement
Statements Archive
May 27, 2024Billionaire urges Russian firms to build alternative to SAP software
May 21, 2024Billionaire urges Russian firms to build alternative to SAP software
April 01, 2024About SAP CIS
February 07, 2024German tech giant SAP will stop providing services in Russia in March
September 18, 2023Information technology in KamAZ
September 05, 2023The German software developer SAP stops supporting its products in Russia. The company's market share reached 60%
September 05, 2023The German supplier of industrial software SAP will stop supporting partners and customers in the Russian Federation
July 04, 2023Air Gates of the Northern Capital (migration from SAP S4/HANA to 1C)
May 09, 2023Telecommunications market. Why is the sanctions policy stalling?
March 07, 2023SAP lost 400 million euros because of leaving Russia
October 24, 2022SAP delays Russia exit as deal talks fail and workers at risk
September 09, 2022The technology giant SAP is selling off the equipment of its data centers in Russia
June 19, 2022SAP Plans Russia Exit
March 24, 2022SAP Continues to Stand in Solidarity with the People of Ukraine
March 24, 2022SAP Continues to Stand in Solidarity with the People of Ukraine
March 03, 2022SAP announced the termination of cooperation with the Russian companies
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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