SAP again mulling big acquisitions: CFO
SAP could start looking at large acquisition targets again, particularly among cloud computing firms, the CFO was quoted as saying.
FRANKFURT: German business software maker SAP could start looking at large acquisition targets again, particularly amongcloud computing firms, finance chief was quoted as saying by weekly Euro am Sonntag.
"We could look at almost any size," SAP's chief financial officer Werner Brandt was quoted as saying. Brandt, who will retire in May, declined to name any potential targets.
SAP has pushed back its profit target by two years as it waits for subscription revenue from cloud computing to gather pace and invests more in the business to keep up with a fast-growing market.
Cloud computing helps businesses cut costs by ditching bulky servers for network-based software in their own offices, instead using remote data centers run by technology companies.
IBM Markets Intelligence estimates the cloud computing market could be as big as $200 billion by 2020.
SAP entered cloud computing in 2012 after spending $7.7 billion on buying internet-based computing companies Ariba and SuccessFactors. Analysts have said SAP may need more acquisitions to reach its 2017 revenue target of 3-3.5 billion euros for the business.
"We could look at almost any size," SAP's chief financial officer Werner Brandt was quoted as saying. Brandt, who will retire in May, declined to name any potential targets.
SAP has pushed back its profit target by two years as it waits for subscription revenue from cloud computing to gather pace and invests more in the business to keep up with a fast-growing market.
Cloud computing helps businesses cut costs by ditching bulky servers for network-based software in their own offices, instead using remote data centers run by technology companies.
IBM Markets Intelligence estimates the cloud computing market could be as big as $200 billion by 2020.
SAP entered cloud computing in 2012 after spending $7.7 billion on buying internet-based computing companies Ariba and SuccessFactors. Analysts have said SAP may need more acquisitions to reach its 2017 revenue target of 3-3.5 billion euros for the business.
Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. check top of the blog there is menu bar in that go to comments i replied for u r comments because there is no direct option for reply for u r comments. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.
.
0 comments:
Post a Comment