(Bloomberg) -- SAP SE raised its targets for 2020 as customers bought its latest suite of applications at a faster pace, and Chief Executive Officer Bill McDermott -- a fan of Donald Trump’s “The Art of the Deal,” -- said he wouldn’t “lay off the accelerator” on acquisitions, engineering investment or a potential share buyback.
The updated outlook, on top of fourth-quarter sales that were in line with estimates, show how SAP, which supplies software for running factories, supply chains and financial accounts, is managing a transition from software installed on customers’ computers to online cloud-computing tools.
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