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SAP's New Co-CEO To Focus On Continuity, Says Co's Fundamentals Strong
Citrix Announces Arlen Shenkman As Chief Financial Officer
SAP Announces Launch Of First SAP.iO Foundry In Asia
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products). The SAP Business Network segment includes its cloud-based collaborative business networks and services relating to the SAP Business Network (including cloud applications, professional services and education services). Within the SAP Business Network segment, the Company markets and sells the cloud offerings developed by SAP Ariba, SAP Fieldglass and Concur.
Software & Programming
Chairman of the Supervisory Board
Co-Chief Executive Officers, Chief Operating Officer, Member of the Executive Board
Co-Chief Executive Officers
Deputy Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Executive Board
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* 30% quota for supervisory boards; none for management boards
European shares were boosted on Friday by advancing shares of SAP after its long term CEO stepped down, while upbeat rhetoric surrounding U.S.-China trade talks and Brexit also brightened the mood.
Christian Klein, SAP's <SAPG.DE> new co-chief executive, told Germany's' n-tv television that the software and cloud computing giant will rely on a strategy of continuity following the departure of Bill McDermott.
Bill McDermott stood down on Friday after a decade building up SAP <SAPG.DE> as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
Christian Klein, SAP's new co-chief executive, told Germany's' n-tv television that the software and cloud computing giant will rely on a strategy of continuity following the departure of Bill McDermott.
Business software company SAP <SAPG.DE> pre-released a strong set of third-quarter results early on Friday, lifted by a major cloud-computing deal, and reaffirmed its guidance for double-digit growth this year.
Bill McDermott stood down on Friday after a decade at the helm of SAP and will be replaced by Jennifer Morgan and Christian Klein, who will become co-CEOs with immediate effect, said the German business software company.
German business software company SAP SE has an edge over its U.S. rivals because it faces potentially fewer restrictions on doing business with China, Chief Executive Bill McDermott said in an interview.
Software AG <SOWGn.DE> lowered the outlook for its integration software division as it reported a 9% drop in second-quarter operating profit, sending its shares down by 5% in pre-market trading on Friday.
SAP <SAPG.DE> told investors not to expect a major improvement in margins before next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, sending its shares sharply lower.
Technology stocks led a slide in European shares on Thursday as software firm SAP reported poor results and was the latest to point out the impact of a protracted trade war between the United States and China on its earnings.
SAP told investors they can expect a major improvement in margins only next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, weighed down by one-off costs.
German business software firm SAP is considering a multi-year share buyback program, Chief Executive Bill McDermott told shareholders on Wednesday, after closing several billion-dollar deals in recent years.
SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion investment by activist investor Elliott, saying the U.S. hedge fund group was aligned with his goal of expanding margins by driving top-line growth.
Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple's machine-learning technology.
SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion (993 million pounds) investment by activist investor Elliott, saying the U.S. hedge fund group was aligned with his goal of expanding margins by driving top-line growth.
SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion investment by activist investor Elliott, saying it was aligned with his goal of expanding margins through driving top-line growth.
U.S. activist hedge fund Elliott Management announced on Wednesday that it had taken a 1.2 billion euro (£1.04 billion)stake in German technology company SAP.
U.S. activist investor Elliott revealed a 1.2 billion euro ($1.3 billion/£1.04 billion) stake in SAP on Wednesday and said it supported a new management efficiency drive, sending shares in the German business software company to a record high.
U.S. activist hedge fund Elliott Management announced on Wednesday that it had taken a 1.2 billion euro ($1.35 billion)stake in German technology company SAP <SAPG.DE>. [nL5N2260MG]
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.