Articles from Bloomberg

1. UBS Hires SAP’s Oliver Bussmann as Chief Information Officer Explore Bloomberg SAP Corporate UBS the Swiss bank has hired Oliver Bussmann from Germany’s SAP AG as group chief information officer. Bussmann, who held the CIO position at SAP, will start in June and report to Chief Operating Officer Ulrich Koerner, the Zurich- based bank said in a statement today.  (Read Full Article)

   Comment Mentions:   Germany   SAP   Oliver Bussmann

2. SAP Took ’Strong Market Share’ as Industry Growth Slows Explore Bloomberg SAP Corporate SAP is beating rivals to software contracts as companies limit their spending amid slowing economies, its co-chief executive officer said. “We are now taking very strong market share” with second- quarter sales growth exceeding 10 percent in “flat markets,” Jim Hagemann Snabe said today in a Bloomberg Television interview.  (Read Full Article)

   Comment Mentions:   Oracle   Africa   London

3. SAP Sees ‘Very Solid Pipeline’ as Quarterly Profit Rises - Bloomberg Explore Bloomberg SAP Corporate SAP AG (SAP), the biggest maker of business management software, said a “very solid pipeline” of new deals will help meet growth targets as demand picks up for mobile programs and software to process large amounts of data. First-quarter net income jumped 10 percent from a year earlier to 444 million euros ($587 million) helped by record sales in Asia, the Walldorf, Germany-based company said today. Analysts had estimated profit of 476 million euros in a Bloomberg survey.  (Read Full Article)

   Comment Mentions:   Asia   Germany   SAP

4. SAP Investors Want Proof $28 Billion Sales Target Can Be Met Explore Bloomberg SAP Corporate A week after wooing software customers with mobile and data-analysis programs at a U.S. conference, SAP AG (SAP) ’s co-chief executive officers need to win over investors by explaining how they will reach sales targets. (Read Full Article)

   Comment Mentions:   Bill McDermott   Germany   SAP

5. SAP's Plattner Courts Coca-Cola With Data-Analysis Software Explore Bloomberg SAP's Plattner Courts Coca-Cola With Data-Analysis Software. SAP has been seeking ways to branch out as more software is delivered over the Internet as a service, rather than residing on users' own computers, and its co-CEOs have promised a more aggressive approach to acquisitions. The company bought Sybase Inc. ...and more » (Read Full Article)

   Comment Mentions:   SAP

6. SAP First-Quarter Profit Misses Estimates on Sybase Costs Explore Bloomberg SAP Corporate SAP AG (SAP), the largest maker of business-management software, reported a smaller-than-expected increase in profit on costs of last year’s acquisition of Sybase Inc. The stock fell the most in 1 1/2 years. First-quarter net income rose 4.1 percent to 403 million euros ($599 million), Walldorf, Germany-based SAP said today. Analysts predicted profit of 496 million euros, the average of 13 estimates. Operating profit based on non-IFRS accounting rules gained 26 percent to 779 million euros, trailing the 833 million-euro estimate. (Read Full Article)

   Comment Mentions:   Oracle   Africa   Bill McDermott

7. SAP Co-CEO Says He’s Looking for Acquisition Opportunities Explore Bloomberg SAP Corporate SAP AG , the world’s largest maker of business-management software, is “looking for opportunities” to fuel growth, though it won’t make an acquisition just to increase market share, Co-Chief Executive Officer Jim Hagemann Snabe said. (Read Full Article)

   Comment Mentions:   SAP

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