SAP News

TechSearch Blog SAP Warns Slow 2Q: "Merrill Lynch & Co. analyst Raimo Lenschow wrote in a note that SAP pointed to two issues for missed earnings: failure to be able to bring signed deals into the profile and loss statement, which according to the company explains two-thirds of the miss; and a delay in deal signings.
Lenschow attributed waning software demand for the quarter, in part, to the World Cup and market nervousness regarding economic growth and delay of discretionary spending. "