TechnologySAP CFO predicts return to double digit growth

SAP CFO predicts return to double digit growth

SAP CFO has claimed the financial software business will return to double digit growth soon, despite a recent $5.8bn (£3.63bn) acquisition

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

SAP’s
shares could fall following news of acquisition

SAP
chairman admits customer trust was lost

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