Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

SAP boss predicts ‘wave of growth'

Share this article

SAP boss predicts ‘wave of growth'
Léo Apotheker, CEO of SAP. Photo: DPA
16:25 CET+01:00
With an eye towards possible acquisitions, Europe's biggest software firm SAP is on the verge of a substantial “wave of growth,” company CEO Léo Apotheker said on Tuesday in Berlin.

“In the next 10 years, I see lots of good things ahead for SAP,” he said, while cautioning against unbridled euphoria. “The economic crisis isn't over yet,” the head of the German software giant said. “But I think the worst is behind us.”

He said the company was looking to purchase other companies that would complement and add value to SAP's business. He rejected speculation, however, that US technology firm IBM could snap up the software company based in Walldorf.

He said the world leader in business software is reworking its operations to keep up with rapid changes in the information technology sector. Innovations include partnering with chip manufacturer Intel to develop new in-memory databases with increased storage capacity and access that is 10,000 times faster than with current models.

Apotheker said the company's ultimate goal is making SAP products simpler and faster. In the future, customers should be able to decide whether to rent or buy the license to the company's software.

Moreover, the company has worked to address problems with the launch of SAP's new “Business by Design” software, which was repeatedly postponed: “We see a bright light at the end of the tunnel,” Apotheker said. SAP plans to release a detailed schedule for introduction of the software by early next year.

The company's CEO has implemented a strict cost-cutting programme to help SAP along a path to recovery in the midst of the economic crisis, which saw the company make more than 3,700 layoffs. But Apotheker said there are no plans for another round of job cuts.

SAP currently employs some 47,800 people worldwide.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement