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Software maker SAP AG said Wednesday it would cut 3,000 jobs worldwide to cut costs as its 2008 net profit fell 2 percent, weighed by a difficult year-end when the financial crisis deepened.
Software maker SAP AG said Tuesday its third-quarter profit fell 5 percent on costs relkated to an acquisition. The company cited the shaky global economy in cutting its forecast for an important measure of profitability for the full year and for abandoning a key revenue forecast.
Shares of SAP AG plunged Monday after the business software maker said it saw a sudden drop in business at the end of September as global financial turmoil escalated.
German software maker SAP AG said Monday it will shut down TomorrowNow, a subsidiary that provided support for Oracle Corp. software and was accused of stealing information from Oracle.
Software maker SAP AG said Wednesday its profit slipped in the first quarter because of its takeover of a software company along with a weaker dollar, but its sales were higher and it raised its 2008 outlook.
SAP AG anointed Leo Apotheker as its new leader Wednesday and appointed a chief operating officer for the first time as the business software maker tries to fend off stiffer competition while digesting the biggest acquisition in its history.
Software maker SAP AG said Wednesday its profit slipped in the fourth quarter even as sales edged higher, and forecast revenue growth from software sales and services of about 14 percent in 2008.
Battling allegations of corporate espionage, business software maker SAP AG cut its ties with the leaders of a subsidiary that infiltrated rival Oracle Corp.'s computers to fetch information about Oracle's products.
German software giant SAP AG brings its toughest jobs to this port city in China's rustbelt northeast.
Pouncing on a vulnerable rival, Oracle Corp. has offered $6.7 billion to buy BEA Systems Inc. in its latest bid to trump SAP AG and IBM Corp. in an increasingly intense business software battle.
SAP AG shares fell Monday on fears the German software company's $6.79 billion bid for Business Objects SA will dent earnings because of the high price of the deal and disappointing results from the French company.
Infor finally unveils SOA strategyInfor Global Solutions has addressed the tricky problem of SOA-enabling its multi-platform applications by opting for a platform-independent event-based model to help organizations take advantage of SOA without having to upgrade legacy software.
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