Monday, October 30, 2006
SAP CEO says wants to challenge Oracle for top spot | Mergers & Acquisitions | Reuters.com
SAP CEO says wants to challenge Oracle for top spot Mergers & Acquisitions Reuters.com: "'If we meet our targets and bring our products to the market in time, then this should be possible in two to three years,' daily Boersen-Zeitung quoted CEO Henning Kagermann as saying.
SAP currently has a market capitalisation of $62.9 billion, compared to Oracle's $97.3 billion.
Kagermann said SAP planned to grow largely from internal means, since bigger acquisitions were likely to run into anti-trust problems.
He said SAP planned to increase the number of its business software clients to around 100,000 by 2010 from around 40,000 currently. 'By then, we want to make half of our revenues with new customers,' he added, up from just under 20 percent now."
SAP currently has a market capitalisation of $62.9 billion, compared to Oracle's $97.3 billion.
Kagermann said SAP planned to grow largely from internal means, since bigger acquisitions were likely to run into anti-trust problems.
He said SAP planned to increase the number of its business software clients to around 100,000 by 2010 from around 40,000 currently. 'By then, we want to make half of our revenues with new customers,' he added, up from just under 20 percent now."
