|
|
09 Aug 2010
SAP CFO Werner Brandt said the business software company would return to double digit percentage growth soon without resorting to acquisitions.
He believes the business would return to a net cash position soon, the daily financial paper Boersen Zeitung reported.
Brandt made the comments weeks after SAP posted half year results showing a 30% fall in cash flow, compared with the same period last year. The results were posted after SAP acquired smaller rival Sybase for circa $5.8bn (£3.63bn).
He said: "Due to our cashflow I expect that we will report a return to a net cash position in the near future," Reuters reported.
Further reading:
Double digit decline in cash flow at SAP
You may also like
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment