Technology
SAP Announces Q2 2024 Results
Published
7 months agoon
By

Current cloud backlog of €14.8 billion, up 28%, both at nominal and constant currenciesCloud revenue up 25%, underpinned by 33% Cloud ERP Suite revenue growth, all at nominal and constant currenciesTotal revenue up 10%, both at nominal and constant currenciesIFRS cloud gross profit up 29%, non-IFRS cloud gross profit up 28% and up 29% at constant currenciesIFRS operating profit down 11% due to restructuring expenses of €0.6 billion. Non-IFRS operating profit up 33% and up 35% at constant currencies2024 financial outlook reiterated. 2025 operating profit ambition increased to reflect anticipated incremental efficiency gains from expanded transformation program
WALLDORF, Germany, July 22, 2024 /PRNewswire/ — SAP SE (NYSE: SAP) announced today its financial results for the second quarter ended June 30, 2024.
Christian Klein, CEO:
Our cloud growth momentum remained strong in Q2, with Business AI enabling many deals. We continue to execute on our transformation with great discipline, leading to an increase in our operating profit ambition for 2025. At the same time, we continue to invest into our transformation to be the leader in Business AI. Given our progress and strong pipeline, we are confident to achieve accelerating topline growth through 2027.
Dominik Asam, CFO:
We are staying squarely focused on delivering our outlook for this year. Our current cloud backlog growth during the second half of 2024, and especially in Q4 will be decisive to lay a solid foundation for our cloud revenue ambition for 2025. At the same time, we’ll continue to execute against our transformation plan to achieve our 2025 free cash flow ambition despite a mid-triple-digit million cash out for restructuring spilling into next year.
All figures in this statement are based on SAP group results from continuing operations unless otherwise noted.
Financial Performance
Group results at a glance – Second quarter 2024
IFRS
Non-IFRS1
€ million, unless otherwise stated
Q2 2024
Q2 2023
∆ in %
Q2 2024
Q2 2023
∆ in %
∆ in %
const. curr.
SaaS/PaaS
4,018
3,130
28
4,018
3,130
28
28
Thereof Cloud ERP Suite2
3,414
2,562
33
3,414
2,562
33
33
Thereof Extension Suite3
604
568
6
604
568
6
6
IaaS4
135
186
–27
135
186
–27
–27
Cloud revenue
4,153
3,316
25
4,153
3,316
25
25
Cloud and software revenue
7,175
6,505
10
7,175
6,505
10
10
Total revenue
8,288
7,554
10
8,288
7,554
10
10
Share of more predictable revenue (in %)
84
82
2pp
84
82
2pp
Cloud gross profit
3,030
2,357
29
3,043
2,368
28
29
Gross profit
6,017
5,409
11
6,029
5,432
11
11
Operating profit (loss)
1,222
1,371
–11
1,940
1,457
33
35
Profit (loss) after tax from continuing operations
918
724
27
1,278
799
60
Profit (loss) after tax5
918
2,982
–69
1,278
2,437
–48
Earnings per share – Basic (in €) from continuing operations
0.76
0.62
22
1.10
0.69
59
Earnings per share – Basic (in €)5
0.76
2.70
–72
1.10
2.40
–54
Net cash flows from operating activities from continuing operations
1,540
848
82
Free cash flow
1,291
604
>100
1
For a breakdown of the individual adjustments see table “Non-IFRS Operating Expense Adjustments by Functional Areas” in this Quarterly Statement.
2
Cloud ERP Suite references the portfolio of strategic Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions that are tightly integrated with our core ERP solutions and are included in key commercial packages, such as RISE with SAP. The following offerings contribute to Cloud ERP Suite revenue: SAP S/4HANA Cloud, SAP Business Technology Platform, and core solutions for HR and payroll, spend management, commerce, customer data solutions, business process transformation, and working capital management. For additional information and historical data on Cloud ERP Suite, see SAP’s Reporting Framework.
3
Extension Suite references SAP’s remaining SaaS and PaaS solutions that supplement and extend the functional coverage of the Cloud ERP Suite.
4
Infrastructure as a service (IaaS): The major portion of IaaS comes from SAP HANA Enterprise Cloud.
5
From continuing and discontinued operations.
Group results at a glance – Six months ended June 2024
IFRS
Non-IFRS1
€ million, unless otherwise stated
Q1–Q2
2024
Q1–Q2
2023
∆ in %
Q1–Q2
2024
Q1–Q2
2023
∆ in %
∆ in %
const. curr.
SaaS/PaaS
7,782
6,110
27
7,782
6,110
27
28
Thereof Cloud ERP Suite revenue2
6,581
4,984
32
6,581
4,984
32
33
Thereof Extension Suite revenue3
1,202
1,126
7
1,202
1,126
7
7
IaaS4
299
383
–22
299
383
–22
–21
Cloud revenue
8,082
6,493
24
8,082
6,493
24
25
Cloud and software revenue
14,134
12,863
10
14,134
12,863
10
11
Total revenue
16,329
14,995
9
16,329
14,995
9
10
Share of more predictable revenue (in %)
84
82
2pp
84
82
2pp
Cloud gross profit
5,867
4,596
28
5,892
4,617
28
29
Gross profit
11,778
10,693
10
11,803
10,737
10
11
Operating profit (loss)
434
2,174
–80
3,473
2,779
25
27
Profit (loss) after tax from continuing operations
94
1,128
–92
2,223
1,667
33
Profit (loss) after tax5
94
3,491
–97
2,223
3,448
–36
Earnings per share – Basic (in €) from continuing operations
0.05
0.97
–95
1.91
1.44
33
Earnings per share – Basic (in €)5
0.05
3.12
–98
1.91
3.23
–41
Net cash flows from operating activities from continuing operations
4,297
3,160
36
Free cash flow
3,784
2,559
48
1
For a breakdown of the individual adjustments see table “Non-IFRS Operating Expense Adjustments by Functional Areas” in this Quarterly Statement.
2
Cloud ERP Suite references the portfolio of strategic Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions that are tightly integrated with our core ERP solutions and are included in key commercial packages, such as RISE with SAP. The following offerings contribute to Cloud ERP Suite revenue: SAP S/4HANA Cloud, SAP Business Technology Platform, and core solutions for HR and payroll, spend management, commerce, customer data solutions, business process transformation, and working capital management. For additional information and historical data on Cloud ERP Suite, see SAP’s Reporting Framework.
3
Extension Suite references SAP’s remaining SaaS and PaaS solutions that supplement and extend the functional coverage of the Cloud ERP Suite.
4
Infrastructure as a service (IaaS): The major portion of IaaS comes from SAP HANA Enterprise Cloud.
5
From continuing and discontinued operations.
Financial Highlights1
Second Quarter 2024
In the second quarter, SAP’s strong cloud momentum continued. Current cloud backlog grew by 28% to €14.81 billion and again was up 28% at constant currencies. Cloud revenue was up 25% to €4.15 billion and up 25% at constant currencies, mainly driven by Cloud ERP Suite revenue, which was up 33% to €3.41 billion and up 33% at constant currencies.
Software licenses revenue decreased by 28% to €0.2 billion and was down 27% at constant currencies. Cloud and software revenue was up 10% to €7.17 billion and up 10% at constant currencies. Services revenue was up 6% to €1.11 billion and up 6% at constant currencies. Total revenue was up 10% to €8.29 billion and up 10% at constant currencies.
The share of more predictable revenue increased by 2 percentage points to 84% in the second quarter.
Cloud gross profit was up 29% (IFRS) to €3.03 billion, up 28% to €3.04 billion (non-IFRS), and up 29% (non-IFRS at constant currencies).
IFRS operating profit in the second quarter was down 11% to €1.22 billion. The decrease was driven by restructuring expenses of €0.6 billion associated with the 2024 transformation program. Non-IFRS operating profit was up 33% to €1.94 billion and was up 35% at constant currencies. Non-IFRS operating profit growth was supported by strong revenue growth as well as disciplined execution of the 2024 transformation program.
IFRS earnings per share (basic) increased 22% to €0.76. Non-IFRS earnings per share (basic) increased 59% to €1.10. The effective tax rate (IFRS) was 33.8% (Q2/2023: 33.8%) and the effective tax rate (non-IFRS) was 33.6% (Q2/2023: 33.0%). For non-IFRS, the year-over-year increase mainly resulted from a temporary inability to offset withholding taxes in Germany due to tax losses in 2024 resulting from restructuring. For IFRS, the negative effects from withholding taxes were compensated mainly by changes in tax-exempt income and valuation allowances on deferred tax assets.
Free cash flow in the second quarter increased by 114% to €1.3 billion. While around €0.5 billion was paid out for restructuring, the positive development was primarily attributable to increased profitability and enhanced working capital management. For the first six months, free cash flow was up 48% to €3.8 billion.
Share Repurchase Program
In May 2023, SAP announced a share repurchase program with an aggregate volume of up to €5 billion and a term until December 31, 2025. As of June 30, 2024, SAP had repurchased 12,895,525 shares at an average price of €145.20 resulting in a purchased volume of approximately €1.87 billion under the program.
2024 Transformation Program: Focus on scalability of operations and key strategic growth areas
In 2024, SAP is further increasing its focus on key strategic growth areas, in particular business AI. It is transforming its operational setup to capture organizational synergies and AI-driven efficiencies, and to prepare the company for highly scalable future revenue growth.
To this end, as announced in January, SAP is executing a company-wide restructuring program which is anticipated to conclude in early 2025. The restructuring is intended to ensure that SAP’s skillset and resources continue to meet future business needs and is currently expected to affect 9,000 to 10,000 positions, a majority of which will be covered by voluntary leave programs and internal re-skilling measures. Reflecting re-investments into strategic growth areas, SAP still expects to exit 2024 at a headcount similar to year-end 2023.
In the second quarter, additional restructuring expenses of €0.6 billion were recorded, which mainly reflect the positive reception of the voluntary leave programs.
While restructuring expenses recorded in the first half of 2024 total €2.9 billion, the overall expenses associated with the program are now estimated to be approximately €3 billion.
Restructuring payouts in the second quarter and first half of 2024 amounted to €0.5 billion. Overall payouts associated with the program are currently expected at approximately €3 billion, of which a mid-triple-digit million amount is expected to occur in 2025.
Business Highlights
In the second quarter, customers around the globe continued to choose “RISE with SAP” to drive their end-to-end business transformations. These customers included: Alpargatas, Auckland Council, Blue Diamond Growers, Border States, Copenhagen Airports, ExxonMobil, Navantia, PANDORA, Porsche Informatik, Powerlink Queensland, Prairie Farms Dairy, ProRail, Prysmian, Shiseido Company, Tokio Marine & Nichido Fire Insurance, VistaPrint, Warsaw City Hall, and Xerox.
BMI Group Holdings, Co-op, Fiagril, Pure Storage, UBE Corporation, and Wegmans went live on SAP S/4HANA Cloud in the second quarter.
Consolidated Hospitality Supplies, flatexDEGIRO, Fortera Corporation, La Trobe University, Stern-Wywiol Gruppe, and Trade Capital Corporation chose “GROW with SAP”, an offering helping customers adopt cloud ERP with speed, predictability, and continuous innovation.
Key customer wins across SAP’s solution portfolio included: Accenture, Ambipar, Arca Continental, BASF, Buderus Guss, Carl Zeiss, DACHSER, Endress+Hauser, iHerb, Lenovo, Minor Hotels, New Look, Parle Biscuits, Refresco, U.S. Sugar, Veolia Group, and Zoomlion.
Beiersdorf, E.ON, Gerdau, Hyundai Motor Company, Kia Corporation and SMA Solar Technology went live on SAP solutions.
In the second quarter, SAP’s cloud revenue performance was particularly strong in APJ and EMEA and robust in the Americas region. Brazil, Canada, Germany, India, Japan, and South Korea had outstanding performances in cloud revenue growth while China, the U.S., and Saudi Arabia were particularly strong.
On April 22, SAP announced AI advancements in its supply chain solutions that we anticipate will unleash a transformative wave of productivity, efficiency and precision in manufacturing. AI-driven insights from real-time data will help companies use their own data to make better decisions across supply chains, streamline product development and improve manufacturing efficiency.
On May 6, SAP announced that it had extended the contract of CEO and Member of the Executive Board Christian Klein for three years, until April 2028.
On May 8, SAP and IBM announced their vision for the next era of their collaboration, which includes new generative AI capabilities and industry-specific cloud solutions that can help clients unlock business value.
On May 13, SAP announced that Charoen Pokphand Foods Public Company Limited (“CP Foods”) had selected multiple SAP solutions to drive further growth and competitive advantage and to ensure the sustainability of its products for the future.
On May 15, SAP announced that the Annual General Meeting (AGM) of Shareholders of SAP SE elected Pekka Ala-Pietilä as new member of the company’s Supervisory Board. Subsequently, Ala-Pietilä was also elected the new Chairman of the SAP Supervisory Board, completing the handover from former Chairman of the Board, Prof. Dr. h. c. mult. Hasso Plattner. In addition, Prof. Dr. Ralf Herbrich was elected and Aicha Evans, Gerhard Oswald and Dr. Friederike Rotsch were reelected as members of the Supervisory Board. The AGM also approved all other proposals of the Executive Board and Supervisory Board with strong support. That includes the adjustment of the compensation of the Chairman of the Supervisory Board. Furthermore, the dividend proposal of €2.20 per share for fiscal year 2023 was approved.
On May 29, SAP and Amazon Web Services (AWS), an Amazon.com company, announced an expanded, strategic collaboration to transform modern cloud enterprise resource planning (ERP) experiences and help enterprises drive new capabilities and efficiencies with generative artificial intelligence (AI).
On June 5, SAP and WalkMe Ltd. (Walkme) announced that the companies had entered into a definitive agreement under which SAP will acquire 100% of WalkMe, a leader in digital adoption platforms. The Executive and Supervisory Boards of SAP SE and the board of directors of WalkMe have approved the transaction for US $14.00 per share in an all-cash transaction, representing an equity value of approximately US $1.5 billion. The offer price represents a 45% premium to WalkMe’s closing share price on June 4, 2024. The acquisition is subject to customary closing conditions, including the receipt of WalkMe shareholder approval and necessary regulatory clearances, and is expected to close in the third quarter of 2024.
On June 5, SAP announced that it was adjusting its dividend policy effective immediately. The new policy is to pay a dividend amounting to at least 40% of the group’s non-IFRS profit after tax from continuing operations (previously: at least 40% of the group’s IFRS profit after tax).
Financial Outlook 2024
SAP’s financial outlook 2024 is based on SAP’s updated non-IFRS definition of profit measures which, beginning in 2024, include share-based compensation expenses and exclude gains and losses from equity securities, net. For more details, please refer to the Reporting Framework section on our Investor Relations website: https://www.sap.com/investors/en/reports/reporting-framework.html.
SAP continues to expect:
€17.0 – 17.3 billion cloud revenue at constant currencies (2023: €13.66 billion), up 24% to 27% at constant currencies.€29.0 – 29.5 billion cloud and software revenue at constant currencies (2023: €26.92 billion), up 8% to 10% at constant currencies.€7.6 – 7.9 billion non-IFRS operating profit at constant currencies (2023: €6.51 billion), up 17% to 21% at constant currencies.Free cash flow of approximately €3.5 billion (2023: €5.09 billion).An effective tax rate (non-IFRS) of approximately 32% (2023: 30.3%)2.
While SAP’s 2024 financial outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.
Currency Impact Assuming June 30, 2024 Rates Apply for 2024
In percentage points
Q3 2024
FY 2024
Cloud revenue growth
+0.5pp
–0.5pp
Cloud and software revenue growth
+0.5pp
–0.5pp
Operating profit growth (non-IFRS)
+0.0pp
–1.5pp
Non-Financial Outlook 2024
SAP now expects the Employee Engagement Index to be in a range of 70% to 74% in 2024 (previously: 76% to 80%).
In 2024, SAP continues to expect:
A Customer Net Promoter Score of 9 to 13.To steadily decrease carbon emissions across the relevant value chain, in line with our target of achieving Net Zero carbon emissions by 2030.To steadily increase the number of women in executive roles in line with our end of year 2027 target to achieve 25%.
Ambition 2025
SAP is updating its financial ambition 2025, reflecting the anticipated incremental benefits from the transformation program.
By 2025, SAP now expects:
Non-IFRS operating profit of approximately €10.2 billion (previously: approximately €10 billion).
SAP continues to expect:
Cloud revenue of more than €21.5 billion.Total revenue of more than €37.5 billion.Non-IFRS cloud gross profit of approximately €16.2 billion.Free cash flow of approximately €8.0 billion (now including an anticipated mid-triple-digit million Euro restructuring payout in 2025 associated with the 2024 transformation program).A share of more predictable revenue of approximately 86%.
The 2025 financial ambition is based on an exchange rate of 1.10 USD per EUR.
Non-Financial Ambition 2025
For 2025, SAP now aims to increase the Employee Engagement Index (previously: Steadily increasing the Employee Engagement Index).
SAP continues to aim for
Steadily increasing the Customer Net Promoter Score.
The 2025 non-financial ambitions are in addition to our medium-term targets of achieving Net Zero carbon emissions across the value chain by 2030 and reaching 25% women in executive roles by the end of 2027.
Additional Information
This press release and all information therein is preliminary and unaudited. Due to rounding, numbers may not add up precisely. The full Q2 2024 Quarterly Statement can be downloaded from: https://www.sap.com/investors/sap-2024-q2-statement.
SAP Performance Measures
For more information about our key growth metrics and performance measures, their calculation, their usefulness, and their limitations, please refer to the following document on our Investor Relations website: https://www.sap.com/investors/performance-measures
Webcast
SAP senior management will host a financial analyst conference call on Monday, July 22nd at 11:00 PM (CEST) / 10:00 PM (BST) / 5:00 PM (EDT) / 2:00 PM (PDT). The conference will be webcast on the Company’s website at https://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the second quarter results can be found at https://www.sap.com/investor
About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.
For customers interested in learning more about SAP products:
Global Customer Center:
+49 180 534-34-24
United States Only:
+1 (800) 872-1SAP (+1-800-872-1727)
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2023 Annual Report on Form 20-F.
© 2024 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
1 The Q2 2024 results were also impacted by other effects. For details, please refer to the disclosures on page 27 of this document.
2 The effective tax rate (non-IFRS) is a non-IFRS financial measure and is presented for supplemental informational purposes only. We do not provide an outlook for the effective tax rate (IFRS) due to the uncertainty and potential variability of gains and losses associated with equity securities, which are reconciling items between the two effective tax rates (non-IFRS and IFRS). These items cannot be provided without unreasonable efforts but could have a significant impact on our future effective tax rate (IFRS).
View original content to download multimedia:https://www.prnewswire.com/news-releases/sap-announces-q2-2024-results-302203021.html
SOURCE SAP SE
You may like
Technology
Legrand Announces Pedro Mendieta as President of Data, Power, and Control Division for North and Central America
Published
54 seconds agoon
February 18, 2025By

WEST HARTFORD, Conn., Feb. 18, 2025 /PRNewswire/ — Legrand®, a global specialist in electrical and digital building infrastructures, announces the appointment of Pedro Mendieta as President of the Data, Power, and Control (DPC) Division. As a part of Legrand, North and Central America (LNCA), the DPC division is comprised of industry-leading brands, including Ortronics, Raritan, Server Technology, Starline, Approved Networks, and ZPE Systems, that offer innovative solutions for data centers, building networks, and facility infrastructures. The division designs, manufactures, and markets world-class products and solutions for a more productive and sustainable future. The exceptional reliability of its technologies results from decades of proven performance and dedication to research and development.
Pedro will report to Brian DiBella, President and CEO of LNCA, and join the Executive Committee. Pedro steps into the DPC role previously held by Brian and will work closely with the global data center teams to drive all aspects of DPC business, including taking advantage of the data center market growth that has been driven by the rapid adoption of Artificial Intelligence (AI) technologies and digitalization trends.
Pedro brings over 15 years of experience in the data center industry, having held key senior strategic and operational leadership roles at Eaton and ABB, specializing in critical power and power electronics. Most recently, he served as Senior Vice President at Anord Mardix, a Flex company, where he led the global organization and played a pivotal role in developing market-driven growth and operational strategies, focusing on expanding market share through both organic and inorganic initiatives, while prioritizing profitability and customer satisfaction.
“The data center market is a key area of focus for Legrand globally. Pedro offers a well-rounded perspective, balancing strategy and operations to guide our global teams and support regional collaboration,” said Brian DiBella, President and CEO, LNCA. “I’d like to sincerely thank the entire DPC team for stepping up and driving continued growth while we searched for the right candidate to lead the division.”
About Legrand and Legrand, North and Central America
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and data center markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.4 billion in 2023. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819). https://www.legrand.us/
Media Contact:
Jsa_legrand@jsa.net
View original content to download multimedia:https://www.prnewswire.com/news-releases/legrand-announces-pedro-mendieta-as-president-of-data-power-and-control-division-for-north-and-central-america-302379483.html
SOURCE Legrand DPC LLC
Technology
GCL SI Achieves EcoVadis Silver Medal Certification, Ranks in the Global Top 15% for ESG Practices
Published
58 seconds agoon
February 18, 2025By

MUNICH, Feb. 19, 2025 /PRNewswire/ — On February 17, 2025, GCL System Integration (GCL SI) achieved a significant milestone by securing the EcoVadis Group-level Silver Medal certification. In its first attempt, GCL SI stood out among over 150,000 participating companies globally, placing it within the top 15% of sustainable development leaders. This recognition marks GCL SI’s advancement to world-class standards in Environmental, Social, and Governance (ESG) practices, setting a benchmark for sustainable development in the global renewable energy sector.
EcoVadis, a leading global CSR assessment organization that operates across 175 countries and over 200 industries, evaluates companies based on four key dimensions: environmental management, labor rights, business ethics, and sustainable procurement. GCL SI’s Silver Medal achievement signifies that its ESG performance surpassed 85% of global participants, showcasing leadership in areas such as environmental governance and green supply chain management. Notably, GCL SI’s proprietary carbon platform, “GCL Carbon Data Platform,” integrates blockchain and privacy computing technology to track and manage the carbon emissions across the entire photovoltaic industry, promoting a circular green ecosystem.
In its efforts to advance green manufacturing, GCL SI has implemented a “Triple-Integration” strategy, combining digital empowerment with low-carbon technology upgrades, resulting in an annual reduction of 127,000 tons of CO₂ equivalent emissions. The company has also established an intelligent energy management system that boosts photovoltaic plant operational efficiency by 23%.
As one of the global top five photovoltaic module suppliers, GCL SI remains commitment to its mission of “bringing green power to life”. The company has built a green procurement system spanning 28 countries and 186 suppliers, resulting in an annual carbon reduction of 450,000 tons. Additionally, GCL SI has invested CNY 380 million to upgrade its intelligent manufacturing systems, and its Suzhou base was nominated as a “Lighthouse Factory” by the World Economic Forum.
Standing at the crossroads of the global energy transition, GCL SI continues to deepen its “Zero Carbon Technology + Digital Energy” dual-engine strategy, aiming for full carbon neutrality across its entire value chain by 2027. As the UN Global Compact’s Asia-Pacific Executive Director stated: “GCL SI’s ESG practices are redefining the global responsibility paradigm for renewable energy companies.”
SOURCE GCL SI
Technology
LightPath Technologies to Host Virtual Investor Day Presentation on Tuesday, February 25, 2025
Published
1 minute agoon
February 18, 2025By

Management to Provide Business & Financial Update on Recently Announced G5 Acquisition and Key Operational Initiatives
ORLANDO, Fla., Feb. 18, 2025 /PRNewswire/ — LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company,” or “we”), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that management will host a virtual investor day presentation at 12:30 p.m. Eastern time on Tuesday, February 25, 2025.
LightPath Technologies executive management team will provide a corporate update, discuss the company’s growth strategy, the G5 acquisition, and highlight key financial and technological advancements. The presentation will conclude with a question-and-answer session for in-person participants. The full presentation will be available via the webcast link provided below.
Virtual Investor Day Presentation
Date:
Tuesday, February 25, 2025
Time:
12:30 p.m. Eastern time
Webcast Link:
https://viavid.webcasts.com/starthere.jsp?ei=1703680&tp_key=783a07c4fe
Sam Rubin, President and CEO of LightPath Technologies, stated: “Our leadership team is excited to host our upcoming Investor Day, where we will share our vision for the future of LightPath and outline the strategies driving our growth and innovation – inclusive of our transformative acquisition of G5. We look forward to providing updates on our progress and plans, as well as engaging with current and prospective investors during the webcast. This event will highlight our ongoing commitment to delivering long-term value for our shareholders and our status as an emerging industry leader in the optical and infrared solutions space.”
A webcast playback of the call will be available through February 25, 2026. To view, please use the webcast link above or by clicking here: LPTH Investor Day Webcast.
About LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath’s family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company’s primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, Latvia and China. To learn more, please visit www.lightpath.com.
Forward-Looking Statements
This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “guidance,” “plan,” “estimate,” “will,” “would,” “project,” “maintain,” “intend,” “expect,” “anticipate,” “prospect,” “strategy,” “future,” “likely,” “may,” “should,” “believe,” “continue,” “opportunity,” “potential,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lightpath-technologies-to-host-virtual-investor-day-presentation-on-tuesday-february-25-2025-302379478.html
SOURCE LightPath Technologies


Legrand Announces Pedro Mendieta as President of Data, Power, and Control Division for North and Central America

GCL SI Achieves EcoVadis Silver Medal Certification, Ranks in the Global Top 15% for ESG Practices

LightPath Technologies to Host Virtual Investor Day Presentation on Tuesday, February 25, 2025

Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network

New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package

Huawei Launches Global City Intelligent Twins Architecture to Accelerate City Digital Transformation

Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs

Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network

NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Coin Market4 days ago
Las Vegas man accused of running $24M crypto-linked Ponzi scheme
-
Technology4 days ago
Lakeside Announces Fiscal 2025 Second Quarter and Six-Month Results
-
Technology4 days ago
Fast Fashion Market to Grow by USD 79.2 Billion from 2025-2029, Driven by Burgeoning Youth Populations’ Demand for Fast Fashion Clothing, Report on AI-Powered Market Evolution – Technavio
-
Near Videos4 days ago
One Trillion Stablecoins in 5 years
-
Technology4 days ago
Elon Musk talks ‘tech support’ governance as world leaders champion innovation-driven reforms at Dubai summit
-
Technology4 days ago
NASA Sets Coverage of Firefly’s First Robotic Commercial Moon Landing
-
Technology4 days ago
Mobile Communications America Acquires Ra-Comm, Expanding to Indiana
-
Coin Market3 days ago
Javier Milei-endorsed Libra token crashes after $107M insider rug pull