WALLDORF, Germany (Reuters) - Europe’s top technology company SAP ( SAPG.DE ) announced a $2.4 billion U.S. acquisition to help it boost revenues from its Cloud platform and Ceo Bill Mcdermott said it would streamline its overall business this year to bolster margins.
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“This year, the entire company will be on one platform,” McDermott told Reuters after SAP announced 2017 results that met its twice-raised guidance but came in just shy of analyst expectations.
FILE PHOTO: SAP SE CEO Bill McDermott attends the company's annual results press conference in Walldorf, Germany, January 24, 2017.
The world economy is “about as good as it gets”, the 56-year-old American said, pushing back against fears that rising trade protectionism could hurt globally diversified businesses like SAP.
McDermott has just completed a week of hectic corporate diplomacy in which he met French President Emmanuel Macron in Paris and dined with U.S. leader Donald Trump at the World Economic Forum in Davos, Switzerland.
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