Software giant SAP expects 2016 less growth – THE WORLD

Walldorf – Europe’s biggest software maker SAP expects this year with a significantly weaker growth than in 2015. Both the earnings expected by the planning the company’s rise less than last year, the Dax group announced in the early hours of Tuesday.

The Business was good last. His predictions for 2015 had surpassed thanks to two acquisitions the software giant. CFO Luka Mucic blamed “a growing core business, coupled with a rapidly expanding cloud business” responsible.

SAP is the process of moving its business model. Instead of software licenses for sale, customers should hire the programs increased. This brings the Group steadier, albeit less rapidly growing revenues. The classic software business is highly dependent on the economic development.

However, the changeover period rests on SAPs profit. In the course of restructuring the Group has also deleted most points in departments that do not belong to the growth areas. In Europe last year were launched voluntary severance programs.

Originally, around 2,000 employees in 2015 to switch to a new job or after a certain age with a severance package to leave moved become. Last reckoned Mucic with about 3,000 employees who accept the offer. Because SAP in other areas to grow strongly, the Group employed more staff than before the end of September with 75,643 won. According Mucic were added to October bottom line about 1200th The current staff numbers and the full-year figures will SAP announce only at the annual press conference on 22 January.

2015 was the software giant benefited from its acquisitions and the weak euro , According to preliminary figures, revenue climbed 18 percent to 20.8 billion euros. This was due a sharp rise in the so-called cloud software – programs that pay per sale and are available on the Internet. Also thanks to acquisitions, this branch grew to more than double. The traditional business with software licenses, the SAP continues to make the largest share of revenues, but also grew double-digit.

The operating result before interest and taxes was due to the severance program by two percent to 4.25 billion euros. Information about the net profit made SAP initially not, they should follow also on 22 January

2016 SAP expects the sale of software and maintenance contracts -. Currency effects and special items eliminated – only with a sales growth of six to eight percent. Adjusted for these effects, profit should be at 6.4 to 6.7 billion euros.

SAP release

“21.52417302799”

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