SAP ($SAP) is an outsider to the US-China trade war, it seems.
At a time when most major American technology companies are stepping back from production and supply chain development in China, SAP increased hiring in China by nearly 50% from 2018 until present day, according to our data. Over the same time period, the company reduced the total number of global job postings it had online.
That is in contrast to an American technology industry that slashed job postings in China more than 25%. At a time when companies like Apple ($AAPL) are withdrawing from China - and when other technology companies are being pushed by party officials to maintain their operations there - SAP managed to grow cloud and software revenue there for its prior earnings deadline, according to CFO Luka Mucic, who spoke about it on an analyst call.
In fact, SAP is looking to boost its Software Engineer ranks all over - our next chart focuses on these roles, which saw greater increase from the German tech stalwart in 2019, rising more than threefold. For a huge multinational tech firm, SAP job postings have been relatively even over the last few years, ranging from a low of 1,800 to a high of around 3,500. This year, postings are up about 32% (chart not shown).
Finally - a chart taking in another global hiring view - SAP has substantially increased job postings throughout the year looking for Developers, rising 69% until early July.
SAP is up 36% so far this year and earnings are coming Thursday July 18 before the market opens - analysts tracked by Zacks Investment Research are expecting increased EPS of $1.09 a share.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
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