SAP Eyes $10 Billion Sales Boost From Banking Software
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SAP AG, the largest maker of business-management software, predicted it can add $10 billion in revenue from financial applications as banking clients become the German company’s fastest growth driver.
The internal goal, shared at a meeting this week with employees and sales partners, compares with $2.5 billion it expects to receive from financial services providers this year. To meet its objective, SAP would need to get about 3 percent of banking customers’ annual spending on computer systems, rising from 0.5 percent currently, it said.