logo
Plus   Neg
Share
Email

SAP Releases Integrated Report 2018

SAP SE's (SAP) Chief Executive Officer Bill McDermott said that the company stakeholders should expect SAP will reach new heights when experience data ("X") from the Qualtrics platform joins the operational data ("O") from 77% of transactions on the SAP platform.

McDermott noted that X+O is the essential equation for winning in this experience economy. The company expects this highly differentiated offering to drive SAP to grow cloud revenue more than three times, reaching more than EUR 35 in billion total revenue by 2023, and powering strong operating profit growth.

SAP Chief Executive Bill McDermott received total benefits of 9.8 million euros in 2018. That compares with a 21.8 million euro payout a year earlier.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google announced a batch of renewable energy deals totaling 1.6 GW through 18 acquisitions spread across three continents. The deals are intended to "spur the construction of more than $2 billion in new energy infrastructure," the company said. Google said the deals will increase its worldwide portfolio... Beyond Meat's main competitor Impossible Foods will launch its grocery store in California on Friday. Beyond Meat Inc. (BYND), the meatless burger and sausage maker, announced the appointment of Sanjay Shah as Chief Operating Officer. Shah will assume the responsibility for Beyond Meat's global operations and production, effective September 18.
Follow RTT
>