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News Breaks
August 19, 2014
05:29 EDTSAPSAP invests $500M in Africa
SAP announced a seven-year plan to up-skill local African talent and drive sustainable innovation and growth in Africa. With more than 1,300 customers across the continent, SAP is already enabling African businesses and governments of all sizes to grow, scale and globalize, as well as make the transition to a networked, technology-driven innovative economy. As part of this commitment, SAP Africa is now taking responsibility for SAP operations across 51 African countries, including Morocco, Algeria and Tunisia and Mauritania.With the vision of helping make Africa run better and improve the lives of Africans, SAP plans to invest up to $500M through 2020 as it continues to build on the region's impressive double-digit growth rate momentum. The goal is to establish the African region as one of the company's top-five growth markets globally. Much of the direct investment will be outside South Africa, where SAP already has a solid footprint.
News For SAP From The Last 14 Days
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October 23, 2014
08:11 EDTSAPSAP selected by Etihad Airways as technology partner
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October 20, 2014
12:09 EDTSAPIBM hits 52 week low after earnings miss, 2015 profit target dropped
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10:38 EDTSAPHigh option volume stocks
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08:44 EDTSAPIBM CEO says recent Apple, SAP deals represent change in partnering strategy
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05:23 EDTSAPSAP cuts FY14 operating profit view to EUR 5.6B-EUR 5.8B from EUR 5.8B-EUR 6B
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05:16 EDTSAPSAP reports Q3 Non-IFRS EPS EUR 0.84 vs EUR 0.78 last year
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October 16, 2014
07:57 EDTSAPSalesforce president lays out vision for quadrupling revenue, WSJ reports
Salesforce (CRM) president and vice chairman Keith Block outlined his plan to grow the company's annual revenue to $20B at the company’s annual Dreamforce conference, said The Wall Street Journal, which noted that Block specifically said, “We want to be bigger than SAP.” Block's strategy involves expansion in new product areas, adding new packages of software tailored to a handful of high-value industries, and expanding sales efforts outside of North America, the Journal reported. Reference Link

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