SAP to invest $2 billion in China in next four years

Nov 15, 2011

German software giant SAP said on Tuesday it planned to invest $2.0 billion (1.5 billion euros) in increasing its presence in China over the next four years.

"SAP today announced multi-year spending plans of more than $2 billion through 2015 to grow its business in China," the world's second-largest economy, the group said in a statement.

Co-chief executive Bill McDermott said SAP, which has been present in China for 20 years and has two research centres in and Chengdu, would set up five or six more branches there and hire around 2,000 more people.

does not publish separate figures for its activities in China, but the Asia-Pacific region accounted for around 14 percent of overall group revenues last year.

Explore further: Ericsson profit down 10 pct despite higher sales

add to favorites email to friend print save as pdf

Related Stories

SAP profits up strongly in third quarter

Oct 14, 2011

German software giant SAP said Friday its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle.

SAP posts 12 percent gain in third quarter profit

Oct 27, 2010

SAP, the professional software giant, posted on Wednesday a third quarter net profit of 501 million euros (690 million dollars), a gain of 12 percent from the same period a year earlier.

SAP CEO resigns, replaced by 2 co-chief executives

Feb 08, 2010

(AP) -- The chief executive of German software company SAP AG, Leo Apotheker, has resigned after his contract was not renewed and will be succeeded by two co-CEOs, the company said Sunday.

Recommended for you

Out-of-patience investors sell off Amazon

10 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

17 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

19 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

19 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0