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Stock Market & Financial Investment News

News Breaks
September 17, 2013
18:13 EDTSAP, SISiemens proposes SAP co-CEO Snabe join board, Bloomberg says
Siemens (SI) will propose naming Jim Hagemann Snabe, the co-CEO of SAP (SAP), to its supervisory board to succeed former Deutsche Bank (DB) CEO Josef Ackermann who will be stepping down, reports Bloomberg, citing people familiar with the matter. The report notes that SAP earlier this year said it would end its co-CEO structure next year. Reference Link
News For SI;SAP From The Last 14 Days
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April 23, 2014
09:05 EDTSIFDA clears Siemens SOMATOM Force CT system
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April 22, 2014
06:24 EDTSISiemens, Beijing Automotive Industry form JV for electric cars, WSJ reports
Siemens and Beijing Automotive Industry Holding have formed a joint venture to make engines for hybrid and electric vehicles, reports the Wall Street Journal. The JV will begin small volume production of the electric drive trains this year with mass production starting in 2015 at a new facility in Beijing. Financial details of the transaction were not disclosed. Reference Link
April 17, 2014
05:20 EDTSAPSAP reiterates FY14 outlook
The company reiterates the outlook for the FY14, which remains unchanged from the outlook provided on January 21.The company expects FY14 non-IFRS cloud subscriptions and support revenue to be in a range of EUR 950M-EUR 1B at constant currencies. The upper end of this range represents a growth rate of 32% which is similar to the respective 2013 growth rate after adjusting for acquisitions. The company expects FY14 non-IFRS software and software-related service revenue to increase by 6%-8% at constant currencies. The company expects FY14 non-IFRS operating profit to be in a range of EUR 5.8B-EUR 6B at constant currencies. While the company's FY14 business outlook is at constant currency, actual currency reported figures are expected to continue to be negatively impacted by currency exchange rate fluctuations. If exchange rates remain at the March level for the rest of the year, the company expects non-IFRS software and software-related service revenue and non-IFRS operating profit growth rates at actual currency to experience a negative currency impact of approximately 6 percentage points and 8 percentage points respectively for Q2 and of approximately 4 percentage points and 5 percentage points respectively for FY14.
05:15 EDTSAPSAP reports Q1 non-IFRS EPS EUR 0.56 vs. EUR 0.58 last year
Reports Q1 revenue EUR 3.7B vs. EUR 3.6B last year. Reports Q1 non-IFRS cloud subscriptions and support revenue increased 38% at constant currencies. Reports Q1 non-IFRS calculated cloud billings increased 36% at constant currencies; annual cloud revenue run rate approaching EUR 1.1B. Reports Q1 non-IFRS software and software-related service revenue increased 9% at constant currencies.
April 10, 2014
05:40 EDTSAPAccenture, SAP expand global alliance through first-of-its-kind agreement
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