FEB 5, 2014 9:19am ET

Related Links

Behind The Rise of the Chief Data Officer
July 24, 2014
Cutting Through The Clutter
July 22, 2014
Gartner: ‘Cognizant Computing’ to Become a Force in Consumer IT
July 21, 2014

Web Seminars

How Customer Analytics Can Lower Costs and Raise Revenue
July 29, 2014
Improve Omni-channel Shopping Experience with Product Information Management
August 21, 2014
News

SAP’s McDermott Plans for More Client Revenue as Cloud Grows

Print
Reprints
Email

(Bloomberg) -- SAP AG co-Chief Executive Officer Bill McDermott, targeting the growing online software market, said he plans to tap a greater portion of customers’ spending.

“We’ll lead with the cloud,” McDermott told investors in New York today. Today’s clients spend about 5 percent of their technology budgets with SAP, he said. “Why not 20?”

The remarks by McDermott -- an American who will take over as sole CEO in May -- come two weeks after the German software maker cut its profit forecast. The biggest supplier of business applications is reconfiguring its products for the cloud, part of a trend transforming sales and development across the technology industry.

SAP, whose software helps clients from Coca-Cola Co. to Bayer AG manage finances and supply chains, has 5,000 sales people working on cloud technology. “SAP is a growth company and it is our intent to remain a growth company,” the 52-year- old said.

Walldorf, Germany-based SAP’s competitors Oracle Corp. and Salesforce.com Inc. are also vying for sales among businesses that don’t want to manage and update their software and prefer to outsource the job to the companies that wrote the programs.

Get access to this article and thousands more...

All Information Management articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to:

  • Full access to information-management.com including all searchable archived content
  • Exclusive E-Newsletters delivering the latest headlines to your inbox
  • Access to White Papers, Web Seminars, and Blog Discussions
  • Discounts to upcoming conferences & events
  • Uninterrupted access to all sponsored content, and MORE!

Already Registered?

Filed under:

Advertisement

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Twitter
Facebook
LinkedIn
Login  |  My Account  |  White Papers  |  Web Seminars  |  Events |  Newsletters |  eBooks
FOLLOW US
Please note you must now log in with your email address and password.