Sap's Expanding Universe
For a couple of years now, success has come to Germany's SAP on a silver platter. The $3.5 billion software giant capitalized on fears that two looming events, the new millennium and the creation of a single European currency, would wreak havoc on multinationals' information-technology systems. Instead of combing through their computer systems looking for bugs, many of SAP's 8,000 customers just bought new software packages. This contributed to sales growth of 62% in 1997. But it's getting late for companies to install all-new software before the year 2000, and now SAP must figure out what to do for an encore.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries
- Why Are Critics Calling the $450 Million Painting Fake?