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Stock Market & Financial Investment News

News Breaks
January 10, 2014
06:47 EDTSAPSAP sees Q4 Non-IFRS revenue up 6% to EUR 5.11B vs. EUR 5.06B last year
SAP announced its preliminary financial results for Q4. SAP delivered strong revenue growth in 2013. Full year non-IFRS software and cloud subscription revenue increased 10% at constant currencies. Non-IFRS software and software-related service revenue grew 11% at constant currencies. Non-IFRS total revenue grew 8% at constant. The company also exceeded its FY13 guidance of EUR 750M in non-IFRS cloud subscription and support revenue at constant currencies. SAP HANA, the platform for real-time business applications, was a major growth engine in 2013. FY13 HANA software revenue increased 69% at constant currencies to EUR 664M. The company said that customers are showing strong interest in SAP Business Suite powered by SAP HANA as well as SAP HANA Enterprise Cloud.
News For SAP From The Last 14 Days
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February 3, 2016
07:21 EDTSAPSAP to pay $3.9M settlement to SEC over Panama bribery charges, Reuters says
SAP will pay almost $3.9M to settle SEC charges related to a former executive's scheme to bribe Panama government officials in an effort to win technology contracts, Reuters reports. The SEC said that SAP's internal controls let Vicente Garcia, former vice president of global and strategic accounts responsible for Latin America sales, to pay $145,000 in bribes to a top Panamanian government official and offer bribes to two others in order to win contract orders, the report says. Reference Link

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