According to court documents, SAP penned into a three-year deferred prosecution agreement (DPA) with the U.S. Justice Department to settle criminal charges filed in the Eastern District of Virginia.

Notably, the company had been charged with bribing government officials in Indonesia and South Africa by delivering money in the form of cash payments, political contributions, and luxury goods purchased during shopping trips.

Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department's Criminal Division stated, "Today's resolution—our second coordinated resolution with South African authorities in just over a year—marks an important moment in our ongoing fight against foreign bribery and corruption."

U.S. Attorney Jessica D. Aber for the Eastern District of Virginia said, "SAP has accepted responsibility for corrupt practices that hurt honest businesses engaging in global commerce."

Price Action: SAP shares are trading higher by 0.55% at $156.70 on the last check Thursday.