SAP AG, the largest maker of business-management software, reported a decline in software license sales and slowing growth of its Hana data-processing engine, hurt by a strengthening euro.
German stocks gained as the economy shrank less than forecast, adding to signs it may avoid a recession, while sports retailers surged after Puma AG’s profit beat estimates.
Infineon Technologies AG , Europe’s second-largest chipmaker, said it will pay its first dividend in a decade and plans a share buyback after fourth-quarter profit beat analysts’ estimates.
German stocks plunged, sending the DAX Index down the most in five months, amid concern Greece’s debt crisis will spread to other countries in Europe.
SAP AG, the largest maker of business-management software, plans to spend almost $500 million to lure customers to its Hana data-processing product, stepping up competition with Oracle Corp.
"The CFO has ordered a hiring freeze until end of 2014 and reminds SAP employees to keep up the' cost discipline' as the company has exceeded its budget after nine months."
- Thomas Becker on Oct 08, 2014