SAP CFO predicts return to double digit growth

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

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