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Thứ Sáu, 24 tháng 5, 2013

SAP Overhauls Management to Focus on Cloud, Database - Bloomberg

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SAP AG (SAP), the largest maker of enterprise-management software, overhauled its management structure to sharpen its focus on the faster-growing parts of its business, including cloud-computing and database software.


Vishal Sikka, an executive board member, will lead a development organization overseeing innovation throughout the company, according to a statement today from Walldorf, Germany-based SAP. Lars Dalgaard, the company’s cloud-software chief, and human-resources head Luisa Delgado will leave SAP.


Like Oracle Corp. (ORCL) and Salesforce.com Inc. (CRM), SAP is pushing Web-based software to lower entrance barriers for clients and reduce the computing capacities companies need to maintain on their own premises. The company said this month it plans to offer even its largest programs via the Web, reducing the time and cost for deployment compared with software installed on customers’ own machines.


The company is also investing in database software. Hana, a database that the company says is the fastest-growing product it’s ever sold, cuts the time needed to analyze data and carry out transactions by orders of magnitude. Hana applications -- mostly developed with customers and startups -- range from weather simulations to predicting track conditions for Formula One racing teams to planning cancer treatments.


SAP shares fell 1.6 percent to 59.67 euros at 2:02 p.m. in Frankfurt. The stock had gained 28 percent in the past 12 months through yesterday, valuing SAP at about 74 billion euros ($95.8 billion).


This year, SAP’s net income is projected to reach 3.7 billion euros, double its level in 2010, while revenue is estimated to reach 17.7 billion euros, an increase of about 90 percent compared with 2006, data compiled by Bloomberg show. The software maker plans to boost sales to more than 20 billion euros in 2015.


To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net


To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net







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