"This year, the entire company will be on one platform," McDermott said after SAP announced 2017 results that met its twice-raised guidance but came in just shy of analyst expectations.
The world economy is "about as good as it gets", the 56-year-old American CEO said, pushing back against fears that rising trade protectionism could hurt globally diversified businesses like SAP, Europe's most valuable technology company. (Reporting by Douglas Busvine and Eric Auchard; Editing by Maria Sheahan)SAP CEO targets margins, bullish on world economy
Ralph Orlowski
TOP READS FROM THE FISCAL TIMES
-
Lawsuit saying Twitter aided Islamic State thrown out by U.S. appeals court
(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of... -
Boeing ends Wall St.'s slide, Fed caution limits gains
(Reuters) - A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but U.S. stocks pared gains in early... -
U.S. food distributors allege Tyson Foods, rivals fixed chicken prices
CHICAGO (Reuters) - Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country's biggest chicken...