SAP Sales Jump After NSA Leaks

Jim Hagemann Snabe, co-CEO of SAP, at a conference in Walldorf, Germany, on Jan. 23 Photograph by Ralph Orlowski/Bloomberg

Edward Snowden’s revelations about the National Security Agency may have embarrassed the Obama administration and irritated governments worldwide, but Jim Hagemann Snabe says the furor has been good for business. Snabe is co-chief executive officer of German software company SAP, the world’s biggest maker of business management software, and he says customers are focusing more on SAP’s ability to provide data security outside the U.S. Snabe spoke with Bloomberg Businessweek today after SAP announced a 5 percent increase in operating profit and reiterated its full-year forecasts, reassuring investors worried after disappointing results from rivals Oracle and IBM.

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