German Software Maker SAP Sees Benefits From Trump Tax Plans
- Overseas repatriation of cash may generate software purchases
- SAP announces new incubator programs in San Francisco, Berlin
This article is for subscribers only.
German software maker SAP SE plans to capitalize on the Trump administration’s efforts to encourage the repatriation of cash held by U.S. companies overseas, which could set the stage for spending by businesses on large-scale software upgrades.
“If a large company repatriated cash and wanted to put it to work, software projects would be an obvious choice,” SAP Chief Executive Officer Bill McDermott said in an interview.