SAP Took ’Strong Market Share’ as Industry Growth Slows
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SAP AG, the largest maker of business-management software, is beating rivals to software contracts as companies limit their spending amid slowing economies, its co-chief executive officer said.
“We are now taking very strong market share” with second-quarter sales growth exceeding 10 percent in “flat markets,” Jim Hagemann Snabe said today in a Bloomberg Television interview. “While the worries are there about the euro, companies are still investing, and software is one the areas they invest in to manage this new area of uncertainty.”