SAP Chiefs Say Current Spending Levels Could Affect Bonuses
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SAP AG, the biggest maker of business-management software, told employees that their bonuses are at risk if the company doesn’t manage to reduce expenses after reporting profit that grew more slowly than sales.
The operating margin, based on non-IFRS accounting standards, fell 0.8 percentage points to 30 percent in the second quarter from a year earlier, the Walldorf, Germany-based company said yesterday. Profit was trimmed by the acquisition of SuccessFactors Inc. and an increase in employees by about 5,200, or almost 10 percent, over the first six months.