When SAP AG changed leadership in 2010, the software maker had just been through its first major job cuts in 38 years, clients were upset with price increases, and analysts considered the company a takeover target.
SAP AG, Germany’s most valuable company, is paying its co-chief executive officers 17 million euros ($22 million) for 2012, a 41 percent increase from a year earlier, after the business-management software maker boosted revenue and its stock.
SAP AG’s then-chief Leo Apotheker told investors in 2009 that the German company’s homegrown technology was “significantly better” than that of Oracle Corp., which had “not done a good job with acquisitions.”
SAP AG, the largest maker of enterprise-management software, will reach its 2015 sales target for Web-based software without more acquisitions after taking over Ariba Inc., its co-chief executive officer said.
SAP AG, the biggest maker of business-management software, forecast at least a 12 percent gain in full-year earnings as it adds Internet-based programs to attract users and fend off competition from Oracle Corp.