SAP McDermott Sees Choppy Public Spending in U.S., China

SAP AG, the largest maker of business-management software, projected a difficult market for its government business amid cuts in U.S. federal spending and China’s transition to a new leadership.

“It’s going to be choppy out there in the public sector,” co-Chief Executive Officer Bill McDermott said in a telephone interview today. “Chinese purchasing patterns have definitely slowed down.”