|Bid||700.20 x 0|
|Ask||0.00 x 0|
|Day's Range||700.20 - 700.20|
|52 Week Range||643.65 - 700.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
German business software group SAP SE said on Friday lowered the forecast for its expected effective tax rate in 2017 to reflect the impact of an intra-group transfer of intellectual property rights. Considering the estimated one-time benefit from the step, SAP now expects its full-year effective tax rate to be 23 to 24 percent based on international financial reporting standards, down from 26 to 27 percent previously.
German business software group SAP SE (SAPG.DE) said on Friday lowered the forecast for its expected effective tax rate in 2017 to reflect the impact of an intra-group transfer of intellectual property rights. Considering the estimated one-time benefit from the step, SAP now expects its full-year effective tax rate to be 23 to 24 percent based on international financial reporting standards, down from 26 to 27 percent previously.
Deployment of a newer SAP software platform, beginning in July, “caused disruption” to the sportswear maker’s supply chain, Under Armour President and Chief Operating Officer Patrik Frisk said Tuesday....
FRANKFURT/LONDON (Reuters) - SAP (SAPG.DE), Europe's most valuable technology stock, predicted a "dynamite" fourth quarter for its cloud computing business, helping its shares erase losses after third-quarter results fell short of market expectations. The German software maker is in the midst of a transition to offering cloud-based services to business customers, and management had flagged that 2017 would see a trough in profit margins as it invested in datacenters and redeployed staff. CEO Bill McDermott said SAP was seeing more customers using its new cloud-based S/4HANA business planning products to overhaul their organisations and supply chains.
AMSTERDAM/LONDON, Oct 3 (Reuters) - Dutch start-up messaging company MessageBird has landed $60 million in first-round funding, the largest ever early-stage venture capital investment into a European software company. Its services can reach billions of mobile phones, it said.
MUMBAI/BENGALURU, Aug 19 (Reuters) - The dramatic departure of Vishal Sikka as chief executive of Infosys, following a months-long public battle with the tech giant's founders, has left the company with another messy problem: how to find someone willing to replace him. The company's last CEO hunt in 2014 was a major challenge. Sikka, the eventual choice who was plucked from a top job at SAP , was the first chief appointed from outside the group of founders.
Infosys Ltd, in a surprise announcement, said Vishal Sikka has resigned as CEO citing a stream of distractions and disruptions in recent months, pushing down shares of the second-largest Indian IT services firm almost 8 percent on Friday. U.B. Pravin Rao, Infosys' chief operating officer, was named interim managing director and chief executive. Rao will report to Sikka, who will take the executive vice chairman role until a permanent CEO takes charge, which should be no later than end-March 2018, Infosys said.
South African Finance Minister Malusi Gigaba said on Friday he was worried about the influence of a wealthy family accused of using its friendship with President Jacob Zuma to secure contracts with state-owned companies. Gigaba's unusually strong comments came the day after power utility Eskom suspended its chief financial officer Anoj Singh pending an investigation into allegations that he granted preferential treatment to firms linked to the Gupta family, business friends of Zuma. Gigaba is close to Zuma and seen as an ally.
On a per-share basis, the Walldorf, Germany-based company said it had profit of 61 cents. Earnings, adjusted for one-time gains and costs, came to $1.03 per share. The results surpassed Wall Street expectations. ...
Newer cloud services powered a rise in second-quarter revenue at Germany's SAP but higher costs curbed profit growth, results from Europe's most valuable technology firm showed on Thursday. Core profits ...
European shares extended their gains in early deals on Thursday, lifted by buoyant global markets, hours ahead of a highly anticipated policy meeting at the European central bank. The pan-European STOXX ...
Software giant SAP SE raised its annual revenue outlook and said it would buy back up to a half billion dollars in stock after reporting a better-than-expected jump in sales, lifted by a revamped version ...
Germany's SAP named a new executive team in South Africa on Friday, two days after the software giant put four senior managers on leave, pending its investigations into allegations that it was involved in a government bribery scheme. SAP said 25-year company veteran Claas Kuehnemann will step into the role of acting managing director for Africa, in charge of the company's business in 51 countries, and that Peter David, its finance chief for Europe, Middle East and Africa, will become acting chief financial officer, SAP Africa.
Global business software maker SAP SE’s South African unit agreed to pay a 10 percent commission to a company in which President Jacob Zuma’s son has an indirect stake in exchange for help in winning contracts ...