News tagged with sap ag

SAP profits up 23 percent as cloud computing grows

Business management software company SAP AG says net profit rose 23 percent in the third quarter as its cloud computing business grew rapidly and the company kept down costs by holding down hiring of new employees.

dateOct 21, 2013 in Business
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Siemens appoints board replacement for Ackermann

German engineering company Siemens is appointing the co-CEO of business software maker SAP to its board of directors to replace Josef Ackermann, who resigned in the wake of the board's decision to push out chief executive ...

dateSep 18, 2013 in Business
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A look back at some major CEO flameouts

Ron Johnson's short-lived tenure as J.C. Penney's CEO will go down as one of the biggest flameouts in corporate America. The former Apple executive was hailed as a big thinker when he was hired by the ailing ...

dateApr 09, 2013 in Business
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SAP sales rise, company boosts outlook

(AP)—Business software maker SAP AG saw its third quarter profit fall from a year ago because of a large one-time gain booked then, but the company raised its sales outlook for the year and said its business in cloud computing ...

dateOct 24, 2012 in Business
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Oracle rejects $272M SAP award, demands new trial

Business software maker Oracle Corp. has turned down $272 million in court-ordered damages from SAP AG in hopes of leaving a much bigger dent in its rival's pocketbook and reputation during a second trial over allegations ...

dateFeb 07, 2012 in Business
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SAP to pay $3.4B for SuccessFactors

(AP) -- SAP said Saturday it is paying $3.4 billion to acquire SuccessFactors, a software company specializing in human resources tasks. It is the latest move in the escalating rivalry between SAP and Oracle Corp., and underscores ...

dateDec 04, 2011 in Business
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HP to name Meg Whitman as CEO

(AP) -- Hewlett-Packard is set to name Meg Whitman, the former eBay CEO and California candidate for governor, as its new CEO, forcing aside Leo Apotheker after just 11 months on the job.

dateSep 22, 2011 in Business
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Mulling Meg Whitman: HP considers CEO shakeup

(AP) -- As trial balloons go, Hewlett-Packard's not-so-secret handwringing -over whether to dump CEO Leo Apotheker and replace him with former eBay CEO Meg Whitman- was a success. Investors like the idea. News that the company's ...

dateSep 22, 2011 in Business
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