SAP your cash - business as usual
Despite turnover falling, profits will be up 6% as SAP hides cost saving behind a bottle of Corona.
ERP giant SAP has cut its annual revenue estimates by as much as €1.9bn in the face of COVID-19 disruption which saw a "significant amount of new business" postponed in the first quarter. Pre-announcing its first-quarter results, the global software company said total revenue grew 7 per cent year-over-year to €6.52bn. But the …
If you were running a big company then a useful strategy these days would be to predict a bigger fall in profits and sales due to the economic situation than is likely to happen, then wait for the share price to crash and buy back the shares at a nice low price.
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