SAP AG (SAP) Reports Q4 EPS of EUR1.40
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SAP lifts 2017 sales goal; takes margin hit to gain share
January 22, 2016 3:19 AM ESTBy Harro Ten Wolde and Eric Auchard
WALLDORF, Germany (Reuters) - German software maker SAP on Friday raised its 2017 revenue outlook to the upper end of forecasts but said operating margins would dip as more business comes from cheaper Internet-based cloud software instead of legacy software packages.
The mid-term outlook follows strong results for 2015 and a somewhat cautious forecast for this year as the company adapts to growing demand for cloud software paid by subscription rather than high-margin packaged products on which it has long counted.
SAP is growing faster than established competitors Oracle and IBM,... More
